Russia: oil production (barrels)



As the second-largest producer of oil in the world, after Saudi Arabia, which it overtakes from time to time, Russia exports around 79 per cent of oil produced

As the graph shows, in 2006 the country produced 9.8 million barrels per day (approximately 500 tonnes), the highest level in post-Soviet Russia.

The lowest point on the graph shows the period of 1995 to 2000. The low productivity of oil was caused by the rouble crisis. But following the collapse of the currency, Russian oil production expanded, growing from 5.8 million barrels per day in 1998 to 6.5 million in 2000, 7.0 million in 2001 and 7.4 million in 2002.