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Business Monitor International Analyses Russia's Record-Breaking Year Of Oil Production
Released on: October 26, 2011, 2:19 pm
Author: Business Monitor International
Business Monitor International (BMI) has published its latest
Russia Oil & Gas Report, which highlights the record-breaking year of
oil production. Following a post-Soviet oil output high of 10.3mn
barrels per day (b/d) in September 2011, Russia maintained its position
ahead of Saudi Arabia as the world’s largest oil producer. Although oil
production has risen rapidly in recent years, BMI evaluates whether
Russia will be able to surpass the 11mn b/d mark any time soon.
According to BMI, Russia will remain the world's largest gas exporter for the
foreseeable future, but an increasing share of production will have to come from
outside the country's traditional gas heartland of West Siberia, with output from
new fields offsetting declining volumes from existing areas.
The report provides key forecasts and in-depth analysis of the Russia oil and gas market including
major indicators for oil, gas and LNG, covering reserves, production, consumption,
refining capacity, prices, export volumes and values. The report includes full
analysis of industry trends, prospects and projects, oil and gas infrastructure and
changes in the regulatory environment. It also features a competitive landscape of
the oil and gas sector focusing on key national and multinational companies in
Although Russia will continue to dominate oil supply in the region, backed by huge
and under-exploited reserves, BMI expects Caspian states to increase their
contribution significantly. The acceleration of new production capacity offshore
Azerbaijan and, especially, Kazakhstan will cement the region’s importance to
efforts to expand global oil output to meet rising demand from Emerging States.
BMI's portfolio of products and services provides comprehensive analysis of the
global oil and gas industry and enables industry professionals, strategists, sector
analysts and investors to identify key market opportunities and avoid market risks
wherever they operate.
About Business Monitor International:
Business Monitor International (BMI) established in 1984 with headquarters in London
is recognised as a leading independent source for analysis and forecasts on Country
Risk and Industry, spanning 175 countries. BMI provides research to multinational
corporations, banks, funds, research centres and governments in 140 countries around
the world, including more than 400 of the Fortune Global 500 companies.
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