Russia's oil output expected to exceed official forecasts

While official forecasts of Russia's crude oil and condensate output this year stand firm at 325 million tonnes (6.5 million b/d), the Moscow-based International Center for Petroleum Business Studies (ICPBS), contends that the country's crude oil output will reach as much as 335-400 million tonnes (6.7-6.8 million b/d). "The Russian energy ministry chronically fails to hit the bar with its annual forecasts of national oil production, which is no longer centrally planned or government-controlled," said the center's general director, Eugene Khartukov. A year ago, for example, the Russian energy ministry foresaw indigenous output of crude oil and condensate for 2000 as 307 millio...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected