Moscow Times: Russia Keeps Oil Production Stable Despite Sanctions and Price Drop

Russia, the world's top oil producer, kept its monthly oil production stable in October, according to energy ministry data, regardless of Western sanctions and weak oil prices.

Russia pumped an average 10.6 million barrels per day (bpd)last month, producing a monthly total of 44.838 million tons, which includes gas condensates, the data published Sunday showed.

The figure was little changed from September's 10.61 million bpd and a touch under the post-Soviet record high of 10.63 million bpd reached in December. It compares with Saudi Arabia's October output of 9.65 mln bpd, according to a Reuters survey.

Western sanctions have targeted Russian individuals, banks and a wide range of companies, including in the energy sector, and limited their access to funding and advanced technology from Europe and the United States.
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