UPDATE 2-Russian oil output down in October, but misses OPEC deal target

* Oct oil output down to 11.23 mln bpd vs 11.25 mln bpd in
Sept
* Energy minister says cuts totalled 211,000 bpd in Oct y/y
* Russia missed output cuts target last month
* Rosneft, Gazprom Neft were main contributors to the cuts
in Oct

(Adds comments from energy minister)
By Vladimir Soldatkin
MOSCOW, Nov 2 (Reuters) - Russia lowered its oil output
C-RU-OUT to 11.23 million barrels per day (bpd) last month
from 11.25 million bpd in September, missing again its
obligations under a global pact to curb production, energy
ministry data showed on Saturday.
The Organization of the Petroleum Exporting Countries,
Russia and other producers - a group known as OPEC+ - have since
January implemented a deal to cut oil output by 1.2 million
barrels per day to support the market.
According to Reuters calculations, which use a tonnes/barrel
ratio of 7.33, the pact indicates Russia should cap output at
around 11.17-11.18 million bpd.
Russian Energy Minister Alexander Novak said later on
Saturday that the country has cut its oil production by 211,000
bpd on average last month from October 2018 - the month that set
the baseline for a global deal.
This is still below the 228,000 bpd Russia pledged to cut
under the deal with OPEC and other oil producers.
Novak also said in a statement that by the end of October
the cuts reached 298,000 bpd.
Russia's largest oil producer Rosneft ROSN.MM was the
biggest contributor to the cut last month, lowering its output
by almost 1% from September.
Output at Gazprom Neft SIBN.MM , Russia's fastest growing
oil producer by output, declined last month by 2.5% following a
slowdown at its main production unit, Gazprom Neft-Khantos in
West Siberia.
In tonnes, oil output reached 47.49 million versus 46.043
million in September, which was a day shorter.
Russian oil pipeline exports in October rose to 4.88 million
bpd from 4.623 million bpd in September.
The country's production has been recovering following the
contaminated oil crisis in the Druzhba pipeline, its exporting
network, which emerged in late April.
OPEC oil output bounced in October from an eight-year low as
a rapid recovery in Saudi Arabian production from attacks on oil
plants more than offset losses in Ecuador and voluntary curbs
under the supply pact. The agreement runs to the end of March 2020 and producers
meet to review policy on Dec. 5-6. Russia has said OPEC and its
oil-exporting allies would factor in the slowdown of U.S. oil
output growth when they meet. Natural gas production in Russia rose to 61.97 billion cubic
metres (bcm) last month, or 2 bcm a day, versus 55.94 bcm in
September.