Rosneft says Q1 oil output up 3.9pc y/y

MOSCOW: Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the first quarter rose by 3.9 percent year-on-year to 4.74 million barrels.

Its first-quarter hydrocarbon production reached 5.9 million barrels of oil equivalent per day, up 3.4 percent from the year-earlier period, the company said.

Rosneft also said its natural gas production was up by 1.5pc and amounted to 17.12 billion cubic metres in the January-March period.