Review of the Soviet oil industry in 1988

Journal Article · Mon May 01 04:00:00 EDT 1989 · Journal of Geology; (USA)

OSTI ID:6890029

Sagers, M J

After registering impressive increases over the last two years, oil production in the USSR (including gas condensate) leveled off in 1988, remaining at 624 million tons (it actually rose very slightly, from 624.2 to 624.3 million tons--from an average of 12.48 to 12.49 million barrels per day). Although the plan was officially overfulfilled by 4.9 million tons, or 4 million tons in excess of the state order, production had been expected to exceed last year's total and rise to at least 626 million tons (6.4 million tons above the state order). performance had been ahead of last year's pace until August, after which monthly production totals fell below those of 1987. Even as late as September, the industry was 6.5 million tons above plan. Despite the slump in the second half of the year, the official oil production target set for the USSR is rather ambitious--631.6 million tons. In announcing the target, Nikolay Ryzhkov, the Prime Minister, specifically noted that a much greater need for oil now exists, given the decline in world oil prices (as more oil must be exported to obtain a given amount of hard currency) and shortfalls in the nuclear program. Data are given on the geographical distribution of oil production. The current situation in the petroleum industry is discussed, including pipeline and refining industries.

• OSTI ID: 6890029
• Journal Information: Journal of Geology; (USA), Journal Name: Journal of Geology; (USA) Vol. 31:5; ISSN JGEOA; ISSN 0022-1376
• Country of Publication: United States
• Language: English

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02 PETROLEUM
020700* -- Petroleum-- Economics
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CRACKING
DECOMPOSITION
EASTERN EUROPE
ENERGY SOURCES
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OIL WELLS
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PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
PETROLEUM REFINERIES
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