Bigger plunge could lie ahead for Russian oil production

Journal Article · Mon Jan 27 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:5678087

Russia's oil production apparently is plunging faster than even the most pessimistic Soviet official and western observers deemed likely only a few months ago. This paper reports that previous assessments of petroleum industry prospects in the now dissolved U.S.S.R. pointed to a steadily deepening crisis in liquid hydrocarbon flow culminating in 1994-95. A rebound at the time was considered possible, if not probable, with crude and condensate production rising to record levels early in the next century and exports surging to unprecedented heights. But a new analysis published by the Moscow business weekly Ekonomika i Zhizn (Economics and Life) predicts catastrophe for the Russian oil industry as early as second half 1992 if immediate, drastic management changes are not made. Russia produces about 90% of the former Soviet Union's liquid hydrocarbons.

• OSTI ID: 5678087
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:4; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
ASIA
DEVELOPED COUNTRIES
ENERGY SOURCES
EUROPE
FORECASTING
FOSSIL FUELS
FUELS
INDUSTRY
PETROLEUM
PETROLEUM INDUSTRY
PRODUCTION
USSR