Petroleum industry in Russia

Petroleum industry in Russia

The petroleum industry in Russia is one of the largest in the world. Russia has the largest reserves and is the largest exporter of <a href="/en/Natural_gas" title="Natural gas" class="wl">natural gas</a>.<a href="#cite_note-1" style="counter-reset: mw-Ref 1;">[1]</a> It has the second largest coal reserves, the <a href="/en/Oil_reserves_in_Russia" title="Oil reserves in Russia" class="wl">sixth largest oil reserves</a>, and is one of the largest producers of oil.<a href="#cite_note-2" style="counter-reset: mw-Ref 2;">[2]</a> It is the fourth largest energy user.<a href="#cite_note-3" style="counter-reset: mw-Ref 3;">[3]</a>

<div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none" about="#mwt1">One of the largest in the world</div>

<figure class="mw-default-size wiki-thumb"><a href="/en/File:Top_Oil_Producing_Countries.png" class="mw-file-description image media-thumb" data-hash="File:Top_Oil_Producing_Countries.png"><img loading="lazy" src="//upload.wikimedia.org/wikipedia/commons/thumb/7/79/Top_Oil_Producing_Countries.png/220px-Top_Oil_Producing_Countries.png" decoding="async" data-file-width="681" data-file-height="741" data-file-type="bitmap" height="239" width="220" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/7/79/Top_Oil_Producing_Countries.png/330px-Top_Oil_Producing_Countries.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/7/79/Top_Oil_Producing_Countries.png/440px-Top_Oil_Producing_Countries.png 2x" alt="Top_Oil_Producing_Countries.png"></a><figcaption>Top oil-producing countries (million barrels per day)</figcaption></figure>
<figure class="mw-default-size wiki-thumb"><a href="/en/File:Russia_Gas_Production.png" class="mw-file-description image media-thumb" data-hash="File:Russia_Gas_Production.png"><img loading="lazy" src="//upload.wikimedia.org/wikipedia/commons/thumb/c/ca/Russia_Gas_Production.png/220px-Russia_Gas_Production.png" decoding="async" data-file-width="2200" data-file-height="1700" data-file-type="bitmap" height="170" width="220" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/c/ca/Russia_Gas_Production.png/330px-Russia_Gas_Production.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/c/ca/Russia_Gas_Production.png/440px-Russia_Gas_Production.png 2x" alt="Russia_Gas_Production.png"></a><figcaption>Russia natural gas production (red) and exports (black).</figcaption></figure>
<figure class="mw-default-size wiki-thumb"><a href="/en/File:Russia_Oil_Production.png" class="mw-file-description image media-thumb" data-hash="File:Russia_Oil_Production.png"><img loading="lazy" src="//upload.wikimedia.org/wikipedia/commons/thumb/2/2b/Russia_Oil_Production.png/220px-Russia_Oil_Production.png" decoding="async" data-file-width="2200" data-file-height="1700" data-file-type="bitmap" height="170" width="220" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/2b/Russia_Oil_Production.png/330px-Russia_Oil_Production.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/2b/Russia_Oil_Production.png/440px-Russia_Oil_Production.png 2x" alt="Russia_Oil_Production.png"></a><figcaption>Russian crude oil production (red) and crude oil exports (black).</figcaption></figure>

Russia produced an average of 10.83 million barrels (1,722,000&nbsp;m3) of oil per day in December 2015.<a href="#cite_note-oil-4" style="counter-reset: mw-Ref 4;">[4]</a> In 2009, it produced 12% of the world's oil and had a similar share of global oil exports.<a href="#cite_note-iea-5" style="counter-reset: mw-Ref 5;">[5]</a> In June 2006, Russian crude oil and condensate production reached the post-Soviet maximum of 9.7 million barrels (1,540,000&nbsp;m3) per day. Exceeding production in 2000 by 3.2&nbsp;Mbbl/d (510,000&nbsp;m3/d). Russian exports consist of more than 5&nbsp;Mbbl/d (790,000&nbsp;m3/d) of oil and nearly 2&nbsp;Mbbl/d (320,000&nbsp;m3/d) of refined products, which go mainly <a href="/en/Russia_in_the_European_energy_sector" title="Russia in the European energy sector" class="wl">to the European market</a>. The domestic demand in 2005 was 2.6&nbsp;Mbbl/d (410,000&nbsp;m3/d) on average.<a href="#cite_note-6" style="counter-reset: mw-Ref 6;">[6]</a> It is also the main transit country for oil from <a href="/en/Kazakhstan" title="Kazakhstan" class="wl">Kazakhstan</a>.

Russia is by far the world's largest <a href="/en/Natural_gas_exporter" title="Natural gas exporter" class="mw-redirect wl">natural gas exporter</a>. Most, but not all, authorities believe that Russia has the world's largest proven reserves of natural gas. Sources indicating Russia to have the largest proven reserves include the US CIA (47.6 trillion cubic meters),<a href="#cite_note-7" style="counter-reset: mw-Ref 7;">[7]</a> the US Energy Information Administration (47.8 tcm),<a href="#cite_note-8" style="counter-reset: mw-Ref 8;">[8]</a> and OPEC (48.7 tcm).<a href="#cite_note-9" style="counter-reset: mw-Ref 9;">[9]</a> However, BP credits Russia with only 31.3 tcm as of 1 January 2014,<a href="#cite_note-10" style="counter-reset: mw-Ref 10;">[10]</a> which would place it in second place, slightly behind Iran (33.1 to 33.8 tcm, depending on the source). In addition to having the world's largest proven reserves of natural gas, according to US Geological Survey estimations, Russia is also likely to have the world's largest volume of still-undiscovered natural gas: a mean probable volume of 6.7 trillion cubic meters. The USGS estimate of Russia's undiscovered oil is 22 billion barrels, second in the world only to those of Iraq.<a href="#cite_note-11" style="counter-reset: mw-Ref 11;">[11]</a>

The petroleum industry in Russia is one of the largest in the world. Russia has the largest reserves and is the largest exporter of natural gas. Russia produced an average of 10.83 million barrels of oil per day in December 2015. It is also the main transit country for oil from Kazakhstan. Russia is 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 to have the largest proven reserves include the US CIA , 