Russia again is the global leader in oil production

Since the beginning of the year, Russia took the assured first place in the world in oil production - and this is contrary to the forecasts of the Government and companies. In January-May, Russian oil companies produced 220.356 million tons (10.697 million barrels per day), which is by 1.2% more than in 2014. Analysis of data on the oil production shows that the main credit in this leadership belongs to small and medium-sized independent oil companies. However, taking into account the state of the resource base and the tax system, it will be difficult to maintain this championship.

Other things being equal

According to the Central Dispatch Department of the Fuel and Energy Sector, the May production figures in Russia grew to 1.6% (in comparison with the May volumes in the previous year) to 10.708 million barrels per day. We are ahead of Saudi Arabia with its 10.25 million barrels per day.

According to the official statistics, the largest share of the record volumes of the produced oil belongs to vertically integrated oil companies. Thus, in the first five months of this year, Rosneft produced 78.513 million tons of oil (in May - 16.112 million tons), Lukoil - 35.787 million tons (in May - 7.327 million tons), Surgutneftegaz - 25.453 million tons (in May - 5.235 million tons), Gazpromneft - 14.084 million tons (in May - 2.910 million tons), Tatneft - 11.041 million tons (in May - 2.276 million tons), Slavneft - 6.472 million tons (in May - 1.317 million tons), Bashneft - 7.921 million tons (in May - 1.630 million tons). The entire volume of oil, which was produced by the vertically integrated oil companies from January to May makes up 182 437.792 thousand tons.