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Slavneft’s Subsidiaries produced 8.9 mln tons of crude oil in HI 2012

17.07.2012

In January-June, 2012, Slavneft’s Subsidiaries extracted 8.9 mln t of crude oil and 424.6 mln m3 of gas in accordance with the Business Plan. The crude oil production volume decreased by 0.5% and the gas production volume increased by 0.5% against the similar period of the previous year. 
From the beginning of the current year, 317.3 ths m of rock formations was drilled, and 63 new wells were brought into production at the Company’s fields. The associated gas utilization level made 75.5%. 
In the reporting period, the hydrocarbons processing volume for the Company in general amounted to 13.1 mln t and grew by 15.9% in comparison with HI 2011. OAO Slavneft-Yarsolavnefteorgsintez (YaNOS) and OAO Mozyr Refinery processed 7.3 mln t (6.7% increase) and 5.8 mln t (30.5% increase) of crude oil, respectively. The significant growth in feedstock processing at the Mozyr Refinery in January-June, 2012 was caused by the increased supplies of oil to the Subsidiary from Russia. 
In HI 2012, the production of motor gasoline and diesel oil grew by 21.7% (2.5 mln t) and 26.1% (3.9 mln t), respectively, against the similar period of the previous year.
From the year beginning, YaNOS produced 1.1 mln t of motor gasoline (2% reduction) and 1.9 mln t of diesel oil (0.5% reduction). Planned turnaround and maintenance of the Process Units triggered the slight decrease in the commercial products yield at the Refinery. Herewith, from January 1, 2012, YaNOS completely stopped production of motor gasoline and diesel oil not compliant with the Euro-4/ Euro-5 environmental standards; from July 1, 2012, the Subsidiary was among the first in Russia to start manufacturing the total volume of motor fuel in accordance with the Euro-5 class.
Over the first six months of 2012, the Mozyr Refinery produced 1.4 mln t of motor gasoline (50.2% growth) and 2 mln t of diesel oil (69.6% growth). The significant increase in motor fuel production at the Subsidiary was caused by the substantial rise in feedstock processing volumes.

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