Russia's oil output edges down by 0.8% in 2025 to 10.3 million bpd

MOSCOW, Jan 22 (Reuters) - Russian oil output fell 0.8% to 10.28 million barrels per day (bpd) last year, accounting for around a tenth of global production, despite waves of Western sanctions and Ukrainian drone attacks, according to data published on Thursday.

Russia is the world's third largest oil producer after the United States and Saudi Arabia. It also holds the world's largest reserves of natural gas.

Russian Deputy Prime Minister Alexander Novak told the energy ministry's in-house magazine that Russia produced 512 million metric tons of oil in 2025. That is a decline from the 516 million tons extracted in 2024.

Russia's oil industry has repeatedly been targeted by Western powers with sanctions that have aimed to undermine the war economy while Ukraine has launched waves of drone attacks on energy infrastructure, including oil refineries and pipelines.

Novak said in December that he expected Russia's oil and gas condensate production to be broadly unchanged in 2025 from 2024, at around 516 million tons, an improvement on a previous outlook for 1% decline, given by President Vladimir Putin in October.

The administration of U.S. President Donald Trump in October imposed sanctions against Russia's two largest oil producers, Rosneft ROSN.MM and Lukoil LKOH.MM.

Trump last year doubled import tariffs on Indian goods to 50% last year as punishment for its purchases of Russian oil.

"Attempts to limit the circle of importers of Russian oil inevitably lead to disruptions in the stability of global energy supplies and increase volatility in international energy markets," Novak said.

He also said Russia's output of liquefied natural gas reached 32 million tons last year, which is 7% of global production of the frozen gas.

That's also down from 33 million tones he had expected for 2024.

Last month, Novak said Russia had pushed back by "several years" a plan to reach an annual liquefied natural gas output target of 100 million tons.

Russia's long-term plans to gain a fifth of the global LNG market by 2030-2035 have been challenged by sanctions imposed over the conflict in Ukraine, including against the new Arctic LNG 2 plant.