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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 m 3) 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 m 3) per day.
In early 2008 Russian officials were reported to be concerned because, after rising just 2% during 2007, oil production [5] started to decline again in 2008. The Russian government proposed tax cuts on oil in an attempt to stimulate production. [6] By 2011, Russian oil production had increased to 10.54 million barrels per day (1.676 × 10 ^ 6 m ...
Western Siberian plain on a satellite map of North Asia.. The West Siberian petroleum basin (also known as the West Siberian hydrocarbon province or Western Siberian oil basin) is the largest hydrocarbon (petroleum and natural gas) basin in the world covering an area of about 2.2 million km 2, and is also the largest oil and gas producing region in Russia.
Home to the world's largest natural gas reserves, second-largest coal reserves, and the eighth-largest crude oil reserves, Russia is an energy powerhouse. Recent production declines in the country ...
Home to the world's largest natural gas reserves, second-largest coal reserves, and the eighth-largest crude oil reserves, Russia is an energy powerhouse. Recent production declines in the country ...
Top 5 oil-producing countries 1980–2022 World oil production This is a list of countries by oil production (i.e., petroleum production), as compiled from the U.S. Energy Information Administration database for calendar year 2023, tabulating all countries on a comparable best-estimate basis.
Map of countries with proven oil reserves - according to US EIA (start of 2017) Trends in proven oil reserves in top five countries, 1980–2013 (data from US Energy Information Administration) A map of world oil reserves according to OPEC, January 2014
Russia has oil and gas production facilities throughout the country, but the bulk of its fields are concentrated in western and eastern Siberia. China is the largest importer of Russian crude (making up 20% of Russian exports), [ 3 ] [ 17 ] [ 18 ] but Russia exports a significant volume to buyers in Europe.