Russian oil outlook grown gloomier

Journal Article · Mon Dec 07 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:6911045

This paper reports on the Russian petroleum industry's plight which has been described in a detailed, extremely pessimistic new forecast of oil production during the rest of the 1990s. Viktor Orlov, chairman of the Russian Federation's Committee for Geology and Use of Underground Resources, flatly says the nation's crude and condensate production will never again reach the record level of close to 11.4 million bd reported for 1987 and 1988. In Orlov's opinion, Russia can no longer depend on western Siberia's once prolific giant fields to support even the republic's presently depressed production level of less than 8 million b/d of oil. The Moscow weekly Ekonomika i Zhizhn (economics and Life) reported late last month that crude deliveries by Russian production associations in the fourth quarter will total only about 82 million metric tons, which translates to 6.5 million b/d.

• OSTI ID: 6911045
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:49; ISSN 0030-1388; ISSN OIGJAV
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ASIA
DEVELOPED COUNTRIES
DOCUMENT TYPES
EUROPE
INDUSTRY
PETROLEUM INDUSTRY
REVIEWS
USSR