How much oil does Russia sell per year? How much oil and gas does Russia sell annually?

The Russian Federation is the largest exporter of natural gas. It has the second largest reserves of coal. The press is increasingly discussing that Russia has long been on the energy "needle." So now even ordinary people began to wonder how much oil Russia sells per year. Russia ranks eighth in the world in oil reserves, but the volume of production exceeds that in any country in the world. In this article, we will try to understand how the sharp fall in prices for "black gold" has affected the economy of the country. Also, we will discuss the Russian export industries, the place of hydrocarbons in its structure, the experts' forecasts on the depletion of natural resources and the peculiarities of the government's energy policy.

How much oil Russia sells per year

As of December 2015, Russia produces an average of 10.83 million barrels. This is 12% of the world's production. At the same time, the state is only in the eighth place in terms of reserves. The Russian Federation exports crude oil - all the same 12%. In 2015, 396 million tons were sold. Suppose that the price on the market is set at $ 30 per barrel. We will take into account how much oil Russia sells per year. We get the amount of export earnings. This is 87 billion, another 30 can be earned on gas.

Foreign trade of the Russian Federation

On average, for the period from 1997 to 2015, the amount of exports and imports of Russia amounted to 9,112.95 million US dollars. The record high was in January 2012, the lowest - in February 1998. If we talk about how much oil and gas a year Russia sells, then the answer will be 58% of the total volume of exports. An important item is also the export of timber. What does Russia sell except wood, oil and gas? Other export items include metals (nickel, iron), chemical products, machinery and military equipment. The main trading partners of Russia are China, Germany and Italy.

For how many years will there be enough oil reserves

The scientific and technological revolution and progress on increasing demand more and more energy, but does a simple man think about the fact that resources are by no means infinite? At the end of the Soviet Union in Soviet schools, teachers were told that black coal would last for 150 years, brown for 650, oil for 200, gold for 100, and diamonds for 80. However, by the early 2000s, it became clear that consumption Natural resources has catastrophically increased. Human needs are 1.5 times higher than the planet's ability to renew fossils. At the same time, residents of developed countries use much more resources than poor countries. Although it is the latter that controls 2/3 of the world's oil reserves. Russia in this indicator is on the 8th place. With the current level of production in Russia, it will last for 21 years, in the world - for 50 years. As for gas reserves, here Russia comes first. With the current level of production, it will last for 80 years in the Russian Federation, 60 for the world.

Why does oil become cheaper?

It turns out that, according to experts, the reserves of "black gold" in the world will last only 50 years. It's less than a century, but why is the price so low in the market? According to the chief economist of NEF James Bear, this situation has quite objective reasons. And the main of them is the so-called slate revolution. The uniqueness of the new fuel is that at first it was not taken seriously by governments, so private companies took over. Global overproduction of oil arose because huge national corporations did not take into account the emergence of new players on the market, who have their own interests. After in September 2015, the largest investment bank Goldman Sachs published its forecast that "black gold" could fall in price to 20 US dollars per barrel, all attention was focused on the Russian Federation. It seemed that the whole world was trying to calculate how much money Russia was losing because of the fall in oil prices. However, the catastrophe has not happened yet. In the budget for 2016, the price of $ 50 per barrel is laid, in reality we have only 30. Given the volume of exports, on the day of the RF loses about 200 million American monetary units.

How much did Russia miss?

Financial analysts, having analyzed the situation with record low oil prices and economic sanctions, have calculated that the Russian Federation will lose about 600 billion dollars for the period from 2014 to 2017. At the same time, they repelled in their research from the price of $ 50 per barrel. They will also know about themselves and the loss of foreign direct investment. In their opinion, residents need to wait for another round of price increases and a jump in the dollar exchange rate.

Meanwhile, in the world

More than half of the income Russia receives from oil. However, the US shale industry suffered far more than Russia . According to experts, it is profitable at a price of 70-77 dollars per barrel. However, already in the middle of the 21st century, experts expect a sharp decline in the energy balance. The main consumers of oil may be the third world countries, which may not have time to switch to alternative technologies. Therefore, for the 21st century, "black gold" is definitely enough, and its fair price will fluctuate at a level of 70-100 dollars

Energy policy of Russia

For the period to the end of 2020, Russia has a strategy that came into effect in 2003. It sets the following priorities for the country:

• Sustainable development.
• Increase in energy efficiency.
• Reducing the negative impact on the environment.
• Energy and technological development.
• Work on efficiency and competitive advantages.

In July 2008, the Russian president signed a law allowing the government to extract oil and gas on the continental shelf without holding a tender. This caused outrage of the opposition. In February 2011, Russia signed an agreement with China, in which it will supply large amounts of crude oil in exchange for a $ 25 billion loan in the next 20 years.

Problems of the industry

Oil and gas account for 60% of Russia's exports and 30% of GDP. On the day the state produces 10.6 million barrels. How much oil does Russia sell per year? It covers about 12% of the world's needs. The Russian economy is highly dependent on hydrocarbon exports. The Russian Federation 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 middle of the 2000s, the Russian Federation and Ukraine have experienced several conflicts, during which the supply of gas to Europe was stopped. In addition, the construction of the Nabucco gas pipeline was stopped . To date, the EU countries have not yet overcome their energy dependence. As for the fair price of oil, the experts have not yet reached a consensus on this issue.