(Adds more figures, gas production after para 2)
MOSCOW, March 3 Russian February oil exports
slumped to the lowest level since 2004 as record-high crude
export duties forced oil firms to re-route volumes to domestic
refineries, while output stagnated for a second month in a
Energy Ministry data showed on Monday that February oil
production was 9.79 million barrels per day, almost unchanged
from 9.78 million bpd in January, while pipeline exports to
Europe fell to 3.99 million bpd from 4.28 million in January.
Oil firms have long complained that very high taxation is
damaging their investment and they cannot develop new fields to
support production, which grew by more than 60 percent since
Year-on-year production was down 0.7 percent from 9.86
million bpd Russia produced in February 2007.
Traders said high export duties were the key reason behind
the pipeline export decline, but also noted that they were hit
by a pricing dispute between oil major LUKOIL (LKOH.MM) and a
monopoly importer of Russian crude to Germany, Sunimex.
Germany gets oil via the Druzhba pipeline and the data
showed supplies fell to 1.17 million bpd from 1.24 million bpd
in the previous month and the lowest level since July 2007,
when LUKOIL had a similar dispute with Sunimex.
To read a story click on [ID:nL1838291]
Deliveries via Russia's largest Baltic Sea port of Primorsk
fell to 1.35 million bpd, also one of the lowest levels in the
Outside the system of pipeline monopoly Transneft, exports
from Exxon Mobil Corp's (XOM.N) De Kastri Pacific terminal
edged down further in February to 213,000 bpd from 220,000 bpd
Production from Exxon's Sakhalin-1 project is set to
decline this year from its peak of 250,000 bpd last year due to
field depletion. Its partner in the project, oil firm Rosneft
(ROSN.MM), has said output may fall by as much as 25 percent.
Gas production by Russian gas export monopoly Gazprom
(GAZP.MM) was flat on a daily basis at 1.67 billion cubic
metres. The company produced 48.38 bcm in February, which was
29 days long, versus 51.62 bcm in January.
For Russian oil statistics stories click on [O/RUS1]
For Russian oil data clock on <OILSTAT/RU>
(Reporting by Dmitry Zhdannikov; editing by Braden Reddall)