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Russian energy in 2016: the figures

With oil and gas production in Russia continuing to rise – particularly oil, which hit the highest levels in over 25 years towards the end of 2016 – all eyes are on Russia to see if the trend can continue. We take a look at some of the key metrics from the industry in 2016, and examine 2017’s early figures where they are available.
    

Oil reserves


Russia’s total proved oil reserves stand at 109.5 billion barrels, the sixth largest in the world. This figure is up 6.9% since 2015, bringing Russia’s global share of oil reserves to 6.4%. Reserves to production ration is 26.6. 

Source: BP 2017 Statistical Review of World Energy


Oil production


Russia produced 554 million tonnes of oil in 2016. This is a 2.2% rise on 2015’s figures and makes up 12.6% of the global total. Production reached a post-Soviet high at the end of 2016.

In the first five months of 2017, production averaged 45 million tonnes, around the same as the previous year.

Source: BP 2017 Statistical Review of World Energy, Russian Ministry of Energy


Oil exports

 

Russia exported 253.6 million tonnes of oil in 2016, a rise of 2.1% from 2015.  Russia exports 77% of all the oil it produces, making it the largest exporter of oil and natural gas in the world.

In the first five months of 2017, 109.2 million tonnes of Russian oil was exported, a 1.8% rise on the same period in 2016. 

Source: Russian Ministry of Energy


Crude supply to refineries


285.1 million tonnes of Russian crude was supplied to domestic refineries in 2016, 0.5 million tonnes less than in 2015. In 2017, however, total supply was 116.7 million tonnes, 2% more than the same period in 2016.

Source: Russian Ministry of Energy


Primary crude oil processing by domestic refineries


This stood at 279.7 million tonnes in 2016, 0.7% down on 2015. Total supply from January to May 2017 was 114.2 million tonnes.

Source: Russian Ministry of Energy


Gas reserves

 

Russia’s total gas reserves are 32.3 trillion cubic metres, the second-largest in the world after Iran. This is a 17.3% share of the global total, and reserves to production ration is 55.7.

Source: BP 2017 Statistical Review of World Energy


Gas production


Total gas production in Russia was 579.4 billion cubic metres in 2016, a slight rise of 0.5% from the previous year and 16.3% of the global total. 

Source: BP 2017 Statistical Review of World Energy


Fuel consumption

 

Oil: 148.0 million tonnes
Natural gas: 351.8 million tonnes of oil equivalent
Coal: 87.3 mtoe
Nuclear: 44.5 mtoe
Hydroelectricity: 42.2 mtoe
Renewables: 0.2 mtoe

Natural gas continues to dominate Russia’s internal energy mix, with a 52% share of the total. Energy consumption in total fell slightly, by 1.4%.



Want to get the latest insights from Russian oil and gas - straight from the people at the heart of the industry? The Moscow International Oil & Gas Exhibition and Conference (MIOGE) opens on 27 June at Crocus Expo in Moscow -  visit the website to get your free e-ticket to attend as a visitor.


Related Events

Event18 Jun

MIOGE 2018

18-21 June, 2018
RUSSIA

MOSCOW, RUSSIA
Venue: CROCUS EXHIBITION CENTRE

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