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Russian oil production is expected to be between 556 and 557 million tons this year, between 11.17 and 11.19 million bpd, said Russian Energy Minister Alexander Novak in preliminary estimates.
This will be in line with Moscow's commitments to the Global Compact to reduce oil production.
As part of this global deal, Russia is committed to reducing oil production by 11.41 million bpd in October, a reduction of 228,000 barrels a day.
Novak said Moscow was determined to maintain average monthly oil production in line with overall agreement, but that its level could fluctuate during the month due to various factors.
Earlier this month, OPEC and independent producers, led by Saudi Arabia and Russia, agreed to extend the final agreement until the end of March 2020 to support crude prices in the face of weak global economies and increased oil production in the United States.
This week, Novak said the global oil market was balanced and that volatility was not great.
Preliminary data
Russian oil production fell in early July, to near its three-year low in early July, due to a dispute between Russian monopoly Transneft and Russia's leading crude oil producer, Rosneft.
Russia's crude oil output rose an average of 11.099 million barrels per day (bpd) from July 1 to 25, compared with 11.05 million bpd between July 1 and July 21, two sources close to the sector told Reuters oil.
This figure is lower than the June average of 11.15 million barrels per day, down from the level agreed by Russia in the Russian production cut agreement, under which is committed to reducing its production by 22.4 000 barrels a day, compared to 11.41 million barrels pumped in October 2018.
Neither the Russian Ministry of Energy nor Rosneft have so far responded to a request from Reuters to comment on the production data.
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