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Oil Reserves in Russia
- By Oil and Gas Author
- Published 09/1/2006
- Natural Gas Petroleum , Crude Oil Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Oil Field Development , Environment and Pollution , Petroleum Pipeline
- Unrated
Oil and Gas Author
Oil and Gas Articles features up-to-date, searchable oil and natural gas industry articles, online oil and gas publication service, and a full-text article database covering all areas of the oil and gas industry.
View all articles by Oil and Gas AuthorOver 70 percent of Russian crude Oil production is sent directly abroad for export, while the remaining 30 percent is refined locally. According to the latest data for November 2005, roughly 1.4 million bbl/d of Russias oil exports are sent via the multiple-branch Druzhba Pipeline to Belarus, Ukraine, Germany, Poland, and other destinations in Central and Eastern Europe (including Hungary, Slovakia, and the Czech Republic). The remaining Crude Oil exports are sent to maritime ports in the Black Sea and Baltic Sea and are sold on world markets. Also, because of higher world oil prices recently, almost 170,000 bbl/d of Russias oil is transported via railroad (see Fig. 2). Most of Russias product exports consist of fuel oil and diesel fuel, which are used for heating in European countries and, on a very small scale, in the United States.
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Oil Reserves in Russia
