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Following the collapse of the Soviet Union, Russia's petroleum output fell sharply, and has rebounded only in the last several years. The Soviet Union reached a peak of 12.58 million barrels per day (2.000 × 10 ^ 6 m 3 /d) in total liquids in 1988, and production had fallen to around 6 million barrels per day (950 × 10 ^ 3 m 3 /d) by the mid-1990s.
Country Analysis: Russia's Oil and Natural Gas. "Major Russian Companies: Some Details" (1995–1996), Joint Project by Expert Magazine and Menatep Bank, undated. "Russia's oil renaissance", BBC, 24 June 2002. History of Oil in Russia, Sibneft, 2003. "The Oil and Gas Industry": 1999–2000 and 2000–2004, Kommersant, 23 October 2001 and 17 May ...
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.
Some statistics on this page are disputed and controversial—different sources (OPEC, CIA World Factbook, oil companies) give different figures. Some of the differences reflect different types of oil included. Different estimates may or may not include oil shale, mined oil sands or natural gas liquids.
Russia is the world's second largest producer of natural gas, and has the world's largest gas reserves. Russia used to be the world's largest gas exporter. Gazprom and Novatek are Russia's main gas producers, but many Russian oil companies, including Rosneft, also operate gas production facilities. Gazprom, which is state-owned, is the largest ...
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94 % of known oil is concentrated in fewer than 1,500 giant and major fields. [2]
Russia's oil revenue has plummeted as global crude prices fall. Oil sales dropped to $1.44 billion in the week ending September 8, per data cited by Bloomberg. The price of Russia's flagship crude ...
As of 2020, Yamal produces over 20% of Russia's gas, which is expected to increase to 40% by 2030. The shortest pipeline routes from Yamal to the northern EU countries are the Yamal–Europe pipeline through Poland and Nord Stream 1 to Germany.