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LUKoil crude output down 2.1% in Jan.-Sept.

MOSCOW, October 27 (RIA Novosti) - LUKoil's crude output in January-September decreased 2.1% year-on-year to 71.2 million metric tons (522 million bbl), Russia's largest independent oil producer said on Monday.

The company produced 62.3 million tons (457 million bbl) in Russia and 3.9 million tons (29 million bbl) under international projects, representing year-on-year declines of 1.7% and 7.9% respectively.

Throughputs at LUKoil own refineries totaled 41.98 million tons, up 8.7% year-on-year, due to LUKoil refining capacity expansion and modernization, as well as a high refinery margin in Russia. Increase in refinery throughputs at the company's refineries in Russia was 5.6% and 22% at foreign refineries.

LUKoil accounts for around 1.3% of global oil reserves and for some 2.3% of global oil output. Its share in Russian oil production and refining is 18% and 18%, respectively.

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