Oil output in Russia edged up 1.2 percent to reach a new post-Soviet high of 10.27 million barrels per day (bpd) last year, as the world's top crude producer eased tax burden and launched pipeline flows to China, the Energy Ministry said on Monday.
That is a bit more than the 10.26 million bpd, expected by an analyst poll compiled a year ago, though the increase in 2011 has slackened from a 2.2 percent rise in 2010 when the country produced 10.145 mln bpd, up from 9.93 million bpd in 2009 and 9.78 million bpd in 2008.
Russia aims to maintain annual oil production at around 510 million tonnes, or just over 10 million bpd, in the next 10 years. It also sees its crude oil export flat at 250 million tonnes in 2012. The main driver behind the increase was the new Vankor oilfield, developed by the country's top crude producer Rosneft , which reached a production target of 15 million tonnes (300,000 bpd) last year.
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