international magazine
05 / 2010


Russia and China: Perspectives and conditions of cooperation


Russia is the world leading oil and gas producer. The products are mostly supplied to international markets. In 2009, oil and gas production exceeded 1bn t of o.e. (oil equivalent as per fuel value) including 494 mn t of oil and 582trln m3 of gas; crude oil and oil products exports exceeded 360mn t, export volume of gas was over 150trln m3 of gas. Main hydrocarbon production area is the Western Siberia; about 70% of Russian oil and over 90% of gas is produced there. In perspective, the Western Siberia and the Far East will become the new largest centers of the oil and gas sector.