Russian Crude Oil

The petroleum industry in Russia is one of the largest in the world. Russia has the largest reserves, and is the largest exporter, of natural gas. It has the second largest coal reserves, the eighth largest oil reserves, and is the largest producer of oil. It is the third largest energy user.
Russia produced an average of 10.83 million barrels (1,722,000 m3) of oil per day in December 2015. It produces 12% of the world�s oil and has a similar share of global oil exports. In June 2006, Russian crude oil and condensate production reached to the post-Soviet maximum of 9.7 million barrels (1,540,000 m3) per day. Exceeding production in 2000 by 3.2 Mbbld (510,000 m3d). Russian exports consist of more than 5 Mbbld (790,000 m3d) of oil and nearly 2 Mbbld (320,000 m3d) of refined products, which go mainly to the Europe market. The domestic demand in 2005 was 2.6 Mbbld (410,000 m3d) in averaged. It is also the main transit country for oil from Kazakhstan.
Russia has the world�s largest proven reserves of natural gas. Sources that consider that Russia has by far the largest proven reserves include the US CIA (47.6 trillion cubic meters), the US Energy Information Administration (47.8 tcm), and OPEC (48.7 tcm). However, BP credits Russia with only 31.3 tcm as of 1 January 2014, which would place it in second place, slightly behind Iran (33.1 to 33.8 tcm, depending on the source). In addition to having the world�s largest proved reserves of natural gas, according to US Geological Survey estimations, Russia is also likely to have the world�s largest volume of still-undiscovered natural gas: a mean probable volume of 6.7 trillion cubic meters. The USGS estimate of Russia�s undiscovered oil is 22 billion barrels.