Transcription of Country Analysis Executive Summary: Russia
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Country Analysis Executive Summary: Russia
1 Country Analysis Executive Summary: Russia Last Updated: December 13, 2021 Overview Russia was the world s third-largest producer of petroleum and other liquids (after the United States and Saudi Arabia) in 2020; it had an annual average of million barrels per day (b/d) in total liquid fuels production. Russia was the second-largest producer of dry natural gas in 2020 (second to the United States), producing an estimated trillion cubic feet (Tcf). Europe is Russia s main market for its oil and natural gas exports, and by extension, Europe is its main source for revenues.
Dec 13, 2021 · export and tax revenue that the government collected from oil and gas production and sales. Exploration and production • Russia’s proved oil reserves were 80 billion barrels as of January 2021, according to the . Oil & Gas Journal. 8 • In 2020, Russia’s production of petroleum and other liquid fuels was 10.5 million b/d (of which
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