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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.
PJSC Rosneft Oil Company (Russian: Роснефть, romanized: Rosneft', IPA: [ˌrosˈnʲeftʲ] stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction , production, refining, transport , and sale of petroleum, natural gas, and petroleum products.
Russia has an abundance of petroleum, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012 [update] the oil-and-gas sector accounted for 16% of the GDP , 52% of federal budget revenues and over 70% of total exports.
The PJSC Lukoil Oil Company (Russian: Лукойл, romanized: Lukoyl, IPA: [ˈluːkɔɪl] stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, petroleum products, and ...
Gazprom owns all its main gas processing facilities in Russia. It operates Russia's high pressure gas pipelines and since 2006, it has held a legal export monopoly. Other natural gas producers, such as Novatek, Russia's second largest gas company, are forced to use Gazprom's facilities for processing and transport of natural gas. [87] [116]
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Upon paying the fine, the company was granted permission to exploit the industrial sites. [16] In 2019, Tomskneft and the PetroAlians Oil Company signed an agreement to extract petroleum at the Lomovoye oil field in the Tomsk region. In May 2020, due to an accident, Tomskneft's workers left PetroAlians's equipment in the oil well.
As of 2024, Rusneftegaz is the largest privately owned oil company in Russia in terms of revenue and petroleum production, extracting 5.81 million barrels in 2023. [2] While the majority of Rusneftegaz’s oil earnings are derived from upstream sales within Russia, the company also maintains small-scale operations internationally.