Russia: Oil production to be flat in 2005
by AP
Russia's oil production will probably stay flat or even drop in 2005, a top Russian energy official said Friday. "Those years where we hit growth rates of 20 percent are behind us," Federal Energy Agency head Sergei Oganesyan said. Russia's booming oil production in recent years has made it the world's second largest producer, behind only Saudi Arabia. At the end of the 1990s, it posted several years of double-digit growth rates. In May, Russia pumped more than 9 million barrels a day, a post-Soviet high. Russia plans to keep boosting production this year in a bid to take advantage of high world prices for oil, its main export commodity. Oganesyan said his agency expects oil output to increase between 7 percent and 8 percent this year. But in the years to come, he said, production would remain relatively steady. "I expect Russia's oil production to stabilize, or even slightly dip, in 2005," he said. Original article available here |
news by category
- Resources
- Regions
- Related Issues
featured content
- Authors
- Dan Allen
- Cecile Andrews
- Sharon Astyk
- Megan Quinn Bachman
- Albert Bates
- Ugo Bardi
- Dan Bednarz
- Rebecca Burgess
- Sarah Byrnes
- Molly Scott Cato
- Kurt Cobb
- Dave Cohen
- Erik Curren
- Lindsay Curren
- Andrew Curry
- Herman Daly
- Kris De Decker
- Rob Dietz
- Charlotte Du Cann
- Rahul Goswami
- John Michael Greer
- Nate Hagens
- Richard Heinberg
- Øyvind Holmstad
- Rob Hopkins
- Robert Jensen
- Brian Kaller
- Frank Kaminski
- Paul Kingsnorth
- Amanda Kovattana
- Ellen LaConte
- Gene Logsdon
- Kathy McMahon
- Asher Miller
- Bill McKibben
- Rick Munroe
- Tom Murphy
- Andrew Nikiforuk
- Dmitry Orlov
- Christine Patton
- Damien Perrotin
- Dave Pollard
- Joanne Poyourow
- Barath Raghavan
- Wayne Roberts
- Stuart Staniford
- John Thackara
- Gail Tverberg
- Tom Whipple
- More authors...
- Publishers
- ASPO-USA
- Civil Eats
- Climate Progress
- Culture Change
- Energy Bulletin
- Fernand Braudel Center
- Feasta
- Nourishing the Planet
- Oil Depletion Analysis Centre
- On the Commons
- OpenDemocracy
- OpenEconomy
- Post Carbon Institute
- Shareable
- Solutions
- The Daly News
- The Oil Drum
- Shareable
- TomDispatch.com
- Transition Milwaukee
- Transition Voice
- Yale Environment 360
- Yes! Magazine
- Media Publishers
- Reviews
- Web chats
The Post Carbon Reader
A must-read collection by some of the world’s most provocative thinkers on the key issues shaping our new century. Buy now and receive a 20% discount.







