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Petroleum industry in Russia

Russia natural gas production (red) and exports (black).
Russian crude oil production (red) and crude oil exports (black).

The Petroleum or oil industry in Russia is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas.[1] It has the sixth largest oil reserves, and is one of the largest producers of oil.[2] It is the fourth largest energy user.[3]

In 2009, Russia produced 12% of the world's oil and had a similar share of global oil exports.[4] Russia produced an average of 10.83 million barrels (1,722,000 m3) of oil per day in December 2015.[5]

In June 2006, Russian crude oil and condensate production reached the post-Soviet maximum of 9.7 million barrels (1,540,000 m3) per day. Exceeding production in 2000 by 3.2 Mbbl/d (510,000 m3/d). Russian exports consist of more than 5 Mbbl/d (790,000 m3/d) of oil and nearly 2 Mbbl/d (320,000 m3/d) of refined products, which go mainly to the European market. The domestic demand in 2005 was 2.6 Mbbl/d (410,000 m3/d) on average.[6] It is also the main transit country for oil from Kazakhstan.

Until 2022 Russia was by far the world's largest natural gas exporter. Most, but not all, authorities believe that Russia has the world's largest proven reserves of natural gas. Sources indicating Russia have the largest proven reserves including the US Energy Information Administration (47.8 tcm),[7] and OPEC (48.7 tcm).[8]

  1. ^ Overland, Indra. "The Hunter Becomes the Hunted: Gazprom Encounters EU Regulation". In Anderson, Svein; Goldthau, Andreas; Sitter, Nick (eds.). "Energy Union: Europe's New Liberal Mercantilism?". Blasingstoke: Palgrave MacMillan. pp. 115–130.
  2. ^ "BP Statistical Review of World Energy 2020" (PDF). 2020. Retrieved 7 September 2021.
  3. ^ "World Power consumption | Electricity consumption | Enerdata". yearbook.enerdata.net. Retrieved 7 September 2021.
  4. ^ Key World Energy Statistics. 2006 Edition Archived 12 October 2009 at the Wayback Machine, International Energy Agency 2006
  5. ^ Russia continues to post record oil production Retrieved on 8 January 2016
  6. ^ Woodruff, Yulia (2006). "Russian oil industry between state and market". Fundamentals of the global oil and gas industry, 2006. Petroleum Economist. ISBN 978-1-86186-266-2.
  7. ^ US Energy Information Administration, International statistics, retrieved 1 December 2013.
  8. ^ OPEC, Table 3.2 Natural gas proven reserves by country Archived 27 February 2018 at the Wayback Machine, retrieved 1 December 2013.

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