Soviet flow skids to less than 10 million b/d

Journal Article · Mon Dec 30 04:00:00 EST 1991 · Oil and Gas Journal; (United States)

OSTI ID:5506924

This paper reports that Soviet oil production plunged to the lowest level in more than 15 years during late 1991 as the U.S.S.R. transformed itself into the Commonwealth of Independent States. Fourth quarter crude and condensate flow tumbled to less than 10 million b/d, according to new estimates. Production for the year fell to an average of about 10 million b/d, or 10.1 million b/d at best, according to L.D. Churilov, former head of the defunct U.S.S.R. Ministry of the Oil and Gas Industry and now president of the Russian republic's oil and gas corporation Rosneftegaz. Size of the 1991 drop in Soviet oil production was by far the largest in the U.S.S.R's 70 year history. Flow slumped for an unprecedented fourth consecutive year. Russian petroleum industry administrators expect commonwealth oil production to continue falling during 1992. U.S. and other western government officials, along with private economists, are urging that technical assistance to the former U.S.S.R.'s oil industry be given high priority to prevent economic collapse during the first year of the new commonwealth.

• OSTI ID: 5506924
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:52; ISSN 0030-1388; ISSN OIGJA
• Country of Publication: United States
• Language: English

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