* Russian oil output down 0.2 pct to 10.54 mln bpd in April
* Production is declining at mature fields
(Adds detail, analyst quotes)
By Vladimir Soldatkin
MOSCOW, May 2 Russian oil output, the world's
largest, slipped by 0.2 percent to 10.54 million barrels per day
in April, declining for the fourth month in a row as production
from new fields failed to offset a slowdown from mature
This is the longest streak of declining monthly output for
years and is a negative signal for the state budget, half of
whose revenues come from sales of oil and gas.
Energy Minister Alexander Novak has forecast oil production
will be flat or slightly higher this year.
In tonnes, oil production was 43.119 million last month.
March output was 10.56 million barrels per day (bpd).
Oil output has declined every month this year, after
touching a post-Soviet monthly high of 10.63 million bpd in
Crude exports via the Transneft pipeline monopoly rose to
17.578 million tonnes from 16.792 million tonnes last month as
demand for oil declined at domestic refineries during the
"Without new major greenfields coming online this year,
Russian output lacks an engine of growth," Vienna-based JBC
Energy said last month.
"However, the really worrying sign for the Russian output
outlook stems from the fact that Russian majors (and in
particular Rosneft) seem to have run into difficulties halting
decline rates at mature West Siberian key assets," it added.
Rosneft's production, which accounts for 40
percent of Russia's output, was flat in April, at 3.8 million
Output at Lukoil, Russia's No.2 oil producer, dipped 0.2
percent. The company managed last year to arrest an output
decline that lasted three years, thanks to new acquisitions.
Production at Gazprom Neft, the oil arm of natural
gas producer Gazprom, fell by 0.6 percent in April,
Russia's daily natural gas production declined to 1.73
billion cubic metres (bcm) per day last month from 1.83 bcm in
Gas output at Gazprom fell to 1.16 bcm from 1.26 bcm in
March on the back of declining seasonal demand.
(Reporting by Vladimir Soldatkin, editing by Nigel Stephenson
and William Hardy)