Russia's oil and gas industry accounted for over ** percent of the country's gross domestic product (GDP) in 2024. That constituted a slight decrease compared to the previous year.

Russia MED Forecast: Export Products: Oil and Gas: as % of GDP: Conservative Scenario data was reported at 9.936 % in 2026. This records a decrease from the previous number of 10.293 % for 2025. Russia MED Forecast: Export Products: Oil and Gas: as % of GDP: Conservative Scenario data is updated yearly, averaging 11.165 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 15.129 % in 2022 and a record low of 9.936 % in 2026. Russia MED Forecast: Export Products: Oil and Gas: as % of GDP: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.JAA005: Foreign Trade Summary: Forecast: Ministry of Economic Development: Annual. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

The average share of GDP generated from oil rents in Russia stood at **** percent in 2021. Between 1988 and 2021, the average share rose by **** percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

Russia's gross domestic product (GDP) was estimated to have increased by 1.2 percent in May 2025 compared to the same month of the previous year. In April 2023, the monthly GDP growth was positive for the first time since March 2022. In April 2020, the country’s GDP fell by nearly 10 percent as a result of the crisis caused by the coronavirus (COVID-19) pandemic as well as the oil price crash. Russian economy outlook for 2025 Russia’s annual GDP was projected to increase by 1.35 percent in 2025. The level of prices in the country was expected to continue growing, with the inflation rate forecast at 4.7 percent in that year. Post-pandemic economic recovery in selected countries Countries across the world saw a sharp decrease in GDP in 2020 due to the COVID-19 pandemic. In 2023, the European Commission foresaw an increase in all European Union (EU) members' GDP, ranging from the lowest of 1.1 percent in Sweden and Italy to the highest of five percent in Ireland. In Latin America, the most significant increase in GDP was recorded in Peru, at 5.2 percent in 2022.

Key information about Russia Crude Oil: Production

• Russia Crude Oil: Production was reported at 9,592.386 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 9,756.049 Barrel/Day th for Dec 2022
• Russia Crude Oil: Production data is updated yearly, averaging 9,261.952 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 11,152.736 Barrel/Day th in 1987 and a record low of 2,683.100 Barrel/Day th in 1960
• Russia Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

The statistic shows the distribution of the workforce across economic sectors in Russia from 2013 to 2023. In 2023, 5.69 percent of the workforce in Russia was employed in agriculture, 26.38 percent in industry and 67.93 percent in services. Russia’s economy The majority of Russia’s labor force works in the services sector, which accounts for more than half of the jobs in the country. About 30 percent work in the industry sector and the rest in agriculture. Interestingly, Russia is among the leading export countries worldwide and agricultural products, as well as meat, are among the main exported goods. Russia’s economy also profits significantly from selling and exporting fish and sea food. Due to large oil resources, Russia is also among the largest economies and the countries with the largest gross domestic product / GDP worldwide. Subsequently, living and working conditions in Russia should be above average, but for a long time, many Russians have struggled to get by. While conditions seem to improve nowadays, many Russians still live below the poverty line. One suggested reason for this is corruption, which has been cited as a severe problem for the country for a long time, and continues to pose difficulties for Russia’s economy. Illicit employment and the so-called “shadow economy”, which does not officially contribute to the fiscal system, yields amounts worth almost half of Russia’s gross domestic product. This can be seen on a ranking of the untaxed economy in selected countries as a share of GDP. In addition to oil, fish and agricultural products, Russia also manufactures and exports arms and weapons. It is ranked third among the countries with the highest military spending, and second among the countries, in which military spending accounts for a significant percentage of the gross domestic product.

Crude Oil Production in Russia remained unchanged at 9795 BBL/D/1K in March. This dataset provides the latest reported value for - Russia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The size of the Russian Federation Natural Oil and Gas Upstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.50% during the forecast period. The natural oil and gas upstream market constitutes a significant portion of the Russian Federation's economy. Russia is among the largest oil and natural gas-producing and exporting countries worldwide. Exploration, extraction, and production activities of this industry have many facets that influence, both domestically and internationally, the country's provision of energy in the form of natural gas and oil. There exists tremendous potential in both traditional and unconventional resources in vast reserves of Siberia and the Arctic region. However, such oil and other related energy products face serious challenges, like the kind of geopolitical tensions in place, economic sanctions from Western powers, and the fluctuations in the world oil prices. Recent geopolitical incidents involving Ukraine have caused complaints and strictures from European powers, which will undoubtedly cause difficulties in overseas investments and technological transfers into Russia's production and exploration projects. The trends of Russia's ties with non-Western, primarily Asian countries, are for holding onto production levels and increasing market access with such adversities. Further, it introduced upstream investment attraction policies such as tax benefits and cooperation with national companies. Focus on energy security and energy self-sufficiency fuels exploration technology investments into the domestic sector. The Russian Federation's upstream natural oil and gas market will adapt to a highly diversified spectrum of economic, political, and environmental elements to remain among the global leading energy suppliers. Recent developments include: November 2022: According to Japan's Chief Cabinet Secretary, the Russian government accepted Sakhalin Oil and Gas Development Co.'s involvement in the new operator of the Sakhalin 1 oil and gas project. Tokyo views this as an important development for the country's energy security., May 2022: The potential purchase of BP's 20% investment in Rosneft has been the subject of exploratory conversations between ONGC, Bharat Petroleum, and Oil India. ExxonMobil's 30% share in the Sakhalin-I project and Shell's 27.5% interest in the Sakhalin-II project are both up for bid, and ONGC is evaluating them both.. Key drivers for this market are: 4., Growing Demand for Renewable Energy4.; Upcoming Investments in the Energy Sector and Supportive Renewable Energy Policies. Potential restraints include: 4., High Initial Investment Cost and Long Investment Return Period on Projects. Notable trends are: Onshore Segment Expected to Dominate the Market.

The Gross Domestic Product (GDP) in Russia expanded 1.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Russia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Russia Exports: Crude Oil: Non CIS: Liechtenstein data was reported at 0.000 USD th in Dec 2017. This stayed constant from the previous number of 0.000 USD th for Sep 2017. Russia Exports: Crude Oil: Non CIS: Liechtenstein data is updated quarterly, averaging 0.000 USD th from Mar 2006 (Median) to Dec 2017, with 48 observations. The data reached an all-time high of 122,987.000 USD th in Sep 2007 and a record low of 0.000 USD th in Dec 2017. Russia Exports: Crude Oil: Non CIS: Liechtenstein data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Global Database’s Russian Federation – Table RU.JAE001: Exports: Crude Oil: HS Code 2709: USD Value.

Key information about Russia Crude Oil: Exports

• Russia Crude Oil: Exports was reported at 4,586.354 Barrel/Day th in Dec 2023
• This records a decrease from the previous number of 4,780.354 Barrel/Day th for Dec 2022
• Russia Crude Oil: Exports data is updated yearly, averaging 4,653.000 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 5,347.905 Barrel/Day th in 1988 and a record low of 2,489.966 Barrel/Day th in 1994
• Russia Crude Oil: Exports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Exports

The dataset contains several macroeconomic time-series regarding the Russian economy. The time-series were collected from the Russian Federal State Statistics Service, the Bank of Russia and Federal Reserve Economic Data. The time-series included in the dataset are: 1. Time: 1-Jan-2005 = 1, every successive step in time represents one quarter 2. Date: Quarterly dates from 1-Jan-2005 to 1-Oct-2021 5. GDP: Quarterly nominal GDP in 2016 prices, excluding seasonal factor (bln RUB) 6. GDPgr: Nominal GDP growth rate (Quarterly, %) 7. M0: Base or high-powered money (bln RUB) 8. M0gr: M0 growth rate (Quarterly, %) 9. BM: M2 measure of money supply (bln RUB) 10. BMgr: M2 growth rate (Quarterly, %) 11. Interest: 90-day interbank rate (APR, %) 12. USDRUB: USD/RUB exchange rate (RUB) 12. EURRUB: EUR/RUB exchange rate (RUB) 13. Unemployment: Unemployment rate (%) 14. PPI: Domestic producer price index (index: 2015=100) 15. PPIgr: Growth rate of producer price index (Quarterly, %) 16. OIL: Spot prices of Brent per barrel (USD) 17. OILgr: Growth rate of Brent prices (Quarterly, %) 18. WAGE: Average monthly nominal wage rate (RUB) 19. WAGEgr: Changes in nominal wage rate (Quarterly, %) 3. CPI: Change in CPI as a ratio (End of quarter to end of previous quarter, %) 4. Inflation: Percentage change in CPI, calculated as Relative CPI - 100 (Quarterly, %)

The data was used to in time-series regression modelling to explain the factors affecting inflation in Russia. Some other modelling ideas for the dataset are: 1. Shift the focus from factor analysis to predicting future inflation 2. Perform factor analyses of other key macroeconomic variables, such as the GDP growth rate, the unemployment rate or the interest rate

Due to the low number of available observations because of quarterly sampling, this dataset is probably better suited to time-series econometric analysis rather than more modern machine learning methods.

Key information about Russia Crude Oil: Imports

• Russia Crude Oil: Imports was reported at 0.000 Barrel/Day th in Dec 2023
• This stayed constant from the previous number of 0.000 Barrel/Day th for Dec 2022
• Russia Crude Oil: Imports data is updated yearly, averaging 51.564 Barrel/Day th from Dec 1990 to 2023, with 34 observations
• The data reached an all-time high of 376.629 Barrel/Day th in 1991 and a record low of 0.000 Barrel/Day th in 2023
• Russia Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

Russia Average World Price: Crude Oil: Urals: per 1 Ton data was reported at 420.400 USD/Ton in Dec 2018. This records a decrease from the previous number of 473.000 USD/Ton for Nov 2018. Russia Average World Price: Crude Oil: Urals: per 1 Ton data is updated monthly, averaging 425.600 USD/Ton from Jun 2000 (Median) to Dec 2018, with 223 observations. The data reached an all-time high of 947.800 USD/Ton in Jul 2008 and a record low of 132.800 USD/Ton in Nov 2001. Russia Average World Price: Crude Oil: Urals: per 1 Ton data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

Russia Number of Operating Oil Wells: NOVATEK data was reported at 212.000 Unit in Jan 2019. This records an increase from the previous number of 205.000 Unit for Dec 2018. Russia Number of Operating Oil Wells: NOVATEK data is updated monthly, averaging 82.000 Unit from Mar 2005 (Median) to Jan 2019, with 166 observations. The data reached an all-time high of 212.000 Unit in Jan 2019 and a record low of 46.000 Unit in Sep 2005. Russia Number of Operating Oil Wells: NOVATEK data remains active status in CEIC and is reported by Central Dispatching Department of Fuel and Energy Complex. The data is categorized under Russia Premium Database’s Mining and Quarrying Sector – Table RU.BAC009: CDU TEK: Number of Existing Oil Wells: Operating.

A public joint stock company (PJSC) Rosneft was the leading oil producer in the Russia in 2022 with an output of nearly *** million metric tons. The second-largest company in the industry was Lukoil, also a PJSC, whose oil production volume stood at ** million metric tons. Surgutneftegas, an open joint-stock company (OJSC), ranked third with an output of approximately ** million metric tons. Key facts about Rosneft With a revenue of nearly *** trillion Russian rubles, Rosneft is one of the largest oil and gas companies in the world. Founded in 1993, Rosneft soon became one of the highest valued brands in the Russian economy. In 2006, the company went public, trading at the London Stock Exchange. Rosneft employed approximately *** thousand people in 2019, placing it on the list of companies with the highest employee numbers worldwide. The global success and stability made Rosneft one of the most valuable brands in Russia. Leading oil producers worldwide Saudi Aramco was the global leader in oil production, which was measured at **** thousand barrels daily in 2022. Following the United States, Saudi Arabia was the second-largest oil producing country in that year. Its daily output was recorded at over **** million barrels, which was above the figure for Russia.

Russia Federal Government Revenue: Oil & Gas: Export Tariffs: Gas data was reported at 47.100 RUB bn in Mar 2025. This records a decrease from the previous number of 68.500 RUB bn for Feb 2025. Russia Federal Government Revenue: Oil & Gas: Export Tariffs: Gas data is updated monthly, averaging 57.600 RUB bn from Jan 2018 (Median) to Mar 2025, with 87 observations. The data reached an all-time high of 234.300 RUB bn in Apr 2022 and a record low of -68.900 RUB bn in Jul 2024. Russia Federal Government Revenue: Oil & Gas: Export Tariffs: Gas data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.

The Russian engine oil market, valued at approximately $X million in 2025 (a logical estimation based on the provided CAGR of 0.67% and a known market size for a prior year would be needed to calculate an exact figure), is projected to experience steady growth over the forecast period (2025-2033). This moderate growth is primarily driven by the increasing number of vehicles on Russian roads, particularly in the commercial and passenger vehicle segments. The ongoing development of the Russian automotive industry, coupled with government initiatives to improve infrastructure, contributes to a positive outlook for engine oil demand. However, economic fluctuations and potential sanctions impacting the import and export of both vehicles and lubricants represent significant restraints on market expansion. The market is segmented by vehicle type (commercial vehicles, motorcycles, passenger vehicles) and product grade (likely encompassing categories like SAE grades and API service classifications). Key players, including international giants like BP (Castrol), ExxonMobil, Shell, and local companies like LUKOIL and Gazpromneft, compete fiercely, offering a diverse range of products to meet varying consumer needs and price points. The market's future trajectory is likely to be shaped by technological advancements in engine oil formulations, focusing on improved fuel efficiency and reduced emissions, as well as increasing environmental regulations. The competitive landscape is characterized by a blend of international and domestic players. International companies leverage their established brand recognition and technological expertise, while domestic players benefit from proximity to the market and potentially lower production costs. Growth opportunities exist in developing specialized high-performance engine oils catering to the demands of the modern vehicle fleet and expanding into regional markets beyond major cities. The market's resilience hinges on the stability of the Russian economy and its continued investment in infrastructure and the automotive sector. Further segmentation based on product grade (e.g., synthetic, semi-synthetic, mineral) would provide a more granular understanding of market dynamics. Analyzing individual company performance within each segment would also offer valuable insights. Recent developments include: January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.September 2021: Lukoil Group and Daimler AG, one of the world's major automobile manufacturers, expanded their relationship in Lukoil lubricants' first fill supplies for the brand's premium passenger cars' engines. Low-viscosity Lukoil Genesis engine oil, developed by LLK-International (PJSC LUKOIL wholly owned subsidiary) for modern gasoline and diesel engines of the car manufacturer in compliance with one of its newest first fill standards, will be added to the product portfolio. In comparison to the previous generation, the new product delivered dependable engine protection and increased fuel economy.April 2021: Motul launched two engine oils, namely CLASSIC EIGHTIES 10W-40 and CLASSIC NINETIES 10W-30, for classic cars manufactured between the 1970s and 2000s.. Notable trends are: Largest Segment By Vehicle Type : Commercial Vehicles.

The size of the Russia Oil and Gas EPC Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of % during the forecast period. Russia is such a country, where the oil and gas EPC industry in the energy sector is the country's most powerful one. This industry is characterized by the presence of massive natural resources with large producing capacities. For long time, major state-owned enterprises dominated the market as being the central ones for development of an extremely huge infrastructure, which leads to the fact that large-scale exploration and production activities are conducted within the region.Geopolitical tensions and sanctions have been impacting foreign investments and partnerships over the years and, hence, created the surge towards local sourcing and technological innovations. Russian companies are pushing their capacities in respect to the design, engineering, and procurement processes of project management so as not to risk losing at the game. Investments in not only efficiency-advancing but also in eco-friendly technologies are needed to promote more sustainable practices. Russian EPC sees opportunity amidst the overall world trend towards cleaner alternatives for energy, though oil and gas remain the backbone of the economy. Despite lots of challenges, from rather fluctuating oil price occasionally to regulatory hurdles, the Russian oil and gas EPC market adjusts through strategic alliances and technological progression to meet the expected energy needs of this country and many other parts of the world. Recent developments include: January 2022: an agreement was signed by DL E&C to participate in the Russian Baltic Complex Project. The contract is worth USD 1.33 billion, and DL E&C will be responsible for the project's design and procurement of all equipment. Among the objectives of the project is to construct the largest polymer plant in the world on a single-line basis in Ust-Luga, 110 kilometers southwest of St. Petersburg. Upon completion, the plant will be able to produce 3 million tons of polyethylene, 120,000 tons of butane, and 50,000 tons of hexane each year., January 2022: Mairie Tecnimont S.p.A. announced that its subsidiaries Tecnimont S.p.A. and MT Russia LLC have entered into an EPC contract with Rosneft to develop the VGO Hydrocracking Complex at Ryazan Refining Company (RORC) in the 200 km southeast of Moscow area. The total amount of the contract is approximately USD 1.24 billion. In addition to design, supply of equipment and materials, construction, start-up and commissioning, project finance services, and project management services are included in the project's scope of work. The VGO Hydrocracking Complex will achieve a total capacity of 40,000 barrels per day once the higher standard Class 5 regulation is completed.. Key drivers for this market are: 4., Increasing Demand for Crude Oil and Natural Gas4.; Growing Emphasis on Safe, Economic, and Reliable Connectivity for Oil and Gas Exploration. Potential restraints include: 4., Technical Challenges Like Construction, Deep-Water Challenges, and High Construction Costs. Notable trends are: Midstream Segment to Dominate the Market.

Russia Primary Crude Oil Refining: Bashneft: Ufa Refinery data was reported at 157.700 Ton th in Jan 2019. This records a decrease from the previous number of 492.100 Ton th for Dec 2018. Russia Primary Crude Oil Refining: Bashneft: Ufa Refinery data is updated monthly, averaging 502.250 Ton th from Dec 2004 (Median) to Jan 2019, with 170 observations. The data reached an all-time high of 663.500 Ton th in Aug 2005 and a record low of 0.000 Ton th in Oct 2018. Russia Primary Crude Oil Refining: Bashneft: Ufa Refinery data remains active status in CEIC and is reported by Central Dispatching Department of Fuel and Energy Complex. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBG002: CDU TEK: Crude Oil Refining: by Refineries.