Petroleum industry in Russia
Russian petroleum industry
Russia's petroleum (oil) industry is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas in 2017. It has the sixth largest oil reserves as of 2020.
Russia is the main transit country for oil from Kazakhstan. Until 2022 Russia was by far the world's largest natural gas exporter.
Investment
In 2008, the Russian oil industry claimed it was in need of huge investments.
Russia has regarded the extraction of oil and gas from the Arctic region as important, particularly for the liquefied natural gas industry in Russia. This sector received a major boost from 2017 onwards, driven by investment and tax incentives aimed mainly at Novatek. However, foreign investors pulled out in 2022 following the Russian invasion of Ukraine, and technology and key machinery essential for operations came under sanctions.
Since 2022
The Russian invasion of Ukraine started with Russia restricting gas supplies to Europe to try to stop assistance going to Ukraine.
Begin with the source’s own compact description: “Petroleum industry in Russia” is russian petroleum industry. The dossier treats that line as a proposition to test through Petroleum, industry and Russia, not as a finished interpretation.
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The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Aug 31, 2026. The linked authority identifier is Q7222299. None of the 0 selected statements returned an explicit reference. The first chronological checks are 2017, 2020, 2022 and 2008.
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This entry incorporates text from “Petroleum industry in Russia” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.