Bashneft Reports Production Results for the Fourth Quarter and Full Year 2015; Provides Production Guidance for the Year 2016
For the fourth quarter, the company produced 2,246,000 tonnes of oil against 4,723,000 tonnes of oil in the fourth quarter of 2014. Average daily oil production was 57,000 tonnes against 51,300 tonnes in the fourth quarter of 2014. Crude oil distillation was 4,821,000 tonnes against 5,339,000 tonnes in the fourth quarter of 2014. Petroleum product output was 4,510,000 tonnes against 4,920,000 tonnes in the fourth quarter of 2014.
For the year 2016, the company forecasts oil production in the amount of more than 20 million tonnes.