This is equivalent to an average of around 1.52 million b/d, down 11.6% on the year and 12% on the quarter.
From May, Russian producers including Lukoil were subject to the strictest output restrictions so far under the OPEC+ agreement as the group attempted to ease market volatility caused by the coronavirus pandemic. The cuts are being eased from Aug. 1.
Output restrictions were also reflected in Lukoil's production in the 1st half of the year, which was 40.2 million mt, equivalent to an average of around 1.62 million b/d. This was down 5.6% on the year.
"The cut was due to the new OPEC+ agreement and a decrease in gas supply from Uzbekistan to China that were driven by the negative impact of the COVID-19 pandemic on hydrocarbon demand," Lukoil said in a statement.
Lukoil's gas output totaled 6.396 Bcm in Q2, down 23.6% on the year and 24% on the quarter. Total gas production in H1 fell 14.7% year on year to 14.8 Bcm.
The company's Q2 refining throughput fell 19.6% on the year, and 20.8% on the quarter to 13.525 million mt. Refining in H1 fell 8.6% to 30.6 million mt.