Regional Report: Russia ///

Russian E&P has proven unexpectedly resilient in response to the recent oil price decline, all the while struggling through its longest recession in two decades. In March 2016, output went as far as to hit a post-Soviet record. According to the Russian Ministry of Economic Development, Russia produced 10.91 MMbopd in March, up from the 10.36 MMbopd produced a year prior, or 5.3% higher. Natural gas production, however, underwent a 1.35% decrease, to 58.1 Bcfgd.

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