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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 ...
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 ...
The U.S. and Russia have been the predominant producers of natural gas. [1] Russian natural gas production (red) and exports (black), 1993–2011 [needs update]. In 2021 Russia was the world's second-largest producer of natural gas, producing an estimated 701 billion cubic meters (bcm) of gas a year, and the world's largest natural gas exporter, shipping an estimated 250 bcm a year. [2]
By 2011, Russian oil production had increased to 10.54 million barrels per day (1.676 × 10 ^ 6 m 3 /d). [7] It is the second largest exporter of oil in the world. In October 2018, Russia's crude oil output grew to 11.61 million barrels per day (1.846 × 10 ^ 6 m 3 /d), a new post-Soviet record. [8]
Russia holds 54% of world reserves of gas, 46% of coal, 14% of uranium, and 13% of oil. Russian oil production and export increased significantly after 2000, and in 2006 briefly exceeded Saudi Arabia's production. Since 2016, Russia has been the top crude oil producer. Russia is also the world's largest energy exporter and fossil fuel exporter. [7]
Notably, the varied remnants of seas from the Jurassic and Triassic periods - found in other parts of Russia - are not widely present in the region. [1] The geological history and mineral makeup of the province made it conducive to the formation of oil and natural gas, and the region currently contains large quantities of these fossil fuels.
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.
In July and September 2023 the USA sanctioned individuals and entities, including non-Russian, the aim being to target engineering and construction companies that are involved in various oil and gas projects in Russia, including as of September 2023 the Arctic LNG2 plant and transshipment terminals. [5]