Global Oil Production

Facts: 

Exports:

1) Oil;
2) Gas;
3) Wood;
4) Metals;

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8th LARGEST OIL RESOURCES
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Estimated Resources: 49-55 billion barrelss;

Price/Barrel (2001):   $29,04 ( NYMEX ) - 02/24/01;
Production in Russia:  $2,7Gb;
Total Price:           $78.04 Billions a year;

- Russia poroves 20% of Europe's oil needs;

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WORLD LARGEST GAS RESOURCES
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Estimated Resources: 1700 trillion cf;

Russia - largest gas exporter:
Export: 7,1 Tcf;
Price per 1000 cf: $5 (02/24/01 )
Total: 35,5 Billions a year;

- Gazprom - major company ( 38% state-owened );
- Gazprom provides 25% of all federal tax revenues;
- Gazprom controls 90% of Russian's gas production;
- Gazprom holds 20% of world gas resources;
- domestic prices for gas are 11% of export prices;
- Itera - second-lagest gas company in Russia;
- Russia provides 25% of Europe's gas needs;

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2th LARGEST COAL RESOURCES
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- Russia 6th largest coal producer;