How much oil Russia sells in a year? How much oil and gas Russia is selling?

The Russian Federation is the largest exporter of natural gas. She has the second largest reserves of coal. In the press, more debate on the fact that Russia has long been at the energy “needle”. So now, even ordinary people have become interested in how much oil Russia sells in a year. Russia ranks eighth in the world in oil reserves, but output exceeds that of any country in the world. In this article we will try to understand how a sharp drop in the price of «black gold” has affected the country's economy. We will also discuss export industry of the Russian Federation, the place of hydrocarbons in its structure, the forecasts of experts on the depletion of natural resources and especially energy policy of the government.

How much oil Russia sells in a year

As of December 2015, Russia produces an average of 10.83 million barrels. This is 12% of world production. At the same time the reserves of the state only in eighth place. Export of the Russian Federation crude oil – all the same 12%. In 2015 it sold 396 million tons. Suppose that the market price will be set at a level of 30 dollars per barrel. Consider how much oil Russia sells in a year. Get the size of export earnings. This 87 billion, 30 more you can earn on gas.

External trade of the Russian Federation

On average between 1997 and 2015, the sum of exports and imports of Russia amounted to 9112,95 million dollars. The highest figure was in January of 2012, the lowest-in February 1998. If we talk about how much oil and gas Russia is selling, the answer is – 58% of the total exports. An important article is also the export of timber. What Russia is selling, other than wood, oil and gas? Other exports include metals (Nickel, iron), chemical products, machinery and military equipment. The main trading partners of Russia are China, Germany and Italy.

Recommended

Competition is the rivalry between participants in the market economy. Types and functions of competition

Competition – a concept inherent in a market economy. Every participant in the financial and commercial relations, seeks to take the best place in the environment where it must operate. For this reason, there is stiff competition. The struggle ...

The mayor: powers and duties. Elections of the mayor

Normal functioning of all systems of the settlement, competent and timely execution of tasks in the sphere of economic, social and other areas of development is impossible without control of the mayor. But how voters can evaluate the quality of work ...

Francisco Franco: biography and political activities

When the civil war began in Spain, General Francisco Franco (Francisco Paulino of Hermenegildo Teodulo Franco Bahamonde - full name) celebrated its arakatzailea, but he seemed already tired of life and much older than his years. To unpresentable appe...

How many years is enough oil reserves

The technological revolution and progress incrementally require more energy, but wonders whether a simple man that resources are not infinite? At sunset of the USSR in Soviet schools the teachers were told that black coal will last for 150 years, and brown – 650, oil – 200, gold – 100 and the diamonds – 80. However, by the early 2000s, it became clear that the consumption of natural resources dramatically increased. The needs of humanity in 1.5 times exceeded the planet's ability to resume resources. The inhabitants of the developed countries use far more resources than poor countries. Though the last control 2/3 of world oil reserves. Russia on this indicator is 8. At the current production level in Russia will last for 21 years, in the world – for 50 years. With regard to gas reserves, Russia in the first place. At the current level of production it will last for 80 years in Russia, 60 – in the world.

Why oil becomes cheaper?

Turns out, according to experts, stocks «black gold» in the world will only last for 50 years. It's less than a century, but why in this case, the market established the price so low? According to the chief economist of the company NEF James Medway, in this situation, there are quite objective reasons. And chief among them – the so-called shale revolution. The uniqueness of the new fuel is that at first it was not taken seriously by governments, so they took over private companies. Global overproduction of oil arose because the national Corporation did not take into account the emergence of new players in the market who have their own interests. After September 2015, the largest investment Bank Goldman Sachs published its forecast that «black gold» may go down to 20 us dollars per barrel, all the attention focused on Russia. It seemed that the whole world is trying to calculate how much money Russia loses from-for falling of oil prices. However, the disaster hasn't happened yet. In the 2016 budget assumes the price of 50 dollars per barrel, in reality we have only 30. Given the volume of export in the Russian Federation is losing about 200 million American monetary units.

How lost Russia?

Financial analysts, analyzing the situation with the record low oil prices and economic sanctions, have estimated that the Russian Federation for the period from 2014 to 2017, will lose about $ 600 billion. They started in their study of the price in 50 dollars for barrel. Also let me know about yourself and the loss of foreign direct investment. In their opinion, the residents need to wait for the next round of price increases and the jump in the dollar.

The world

More than half of the revenue Russia received from oil. However, much more affected not Russia, and the US shale industry. According to experts, it is profitable if the price of the $ 70-77 per barrel. However, in the middle of the 21st century, experts expect a sharp decline in energy balance. The main consumers of oil may become a third world country that can not manage to go onalternative technologies. Therefore, in the 21st century «black gold» will definitely be enough, and a fair price will fluctuate at the level of 70-100 dollars

Energy policy of Russia

Until the end of 2020 in Russia there is a strategy, which came into force in 2003. It establishes the following priorities for the country.

• Sustainable development.
• Increase energy efficiency.
• Reduction of the negative impact on the environment.
• Energy and technological development.
• Work on the performance and competitive advantages.

In July 2008 the Russian President signed a law under which the government can extract oil and gas on the continental shelf without a tender. This aroused the indignation of the opposition. In February 2011, Russia signed an agreement with China which in exchange for $ 25 billion loan it will put large volumes of crude oil in the next 20 years.

Industry Issues

Oil and gas account for 60% of export of the Russian Federation and 30% of GDP. In day, the state produces 10.6 million barrels. How much oil Russia sells in a year? It covers about 12% of world demand. The Russian economy is highly dependent on hydrocarbon exports. Russia also uses its position as a supplier of oil and gas in foreign policy. The EU is working to reduce its energy dependence on Russia. Since the mid-2000s, the Russian Federation and Ukraine have been several conflicts in which it was stopped the supply of gas to Europe. In addition, it terminated the construction of the Nabucco gas pipeline. To date, the EU still has not overcome its energy dependence. With regard to fair value of oil, in this question experts have not yet reached a consensus.