Petroleum industry in Russia
One of the largest in the world
Petroleum industry in Russia
Russia's petroleum (oil) industry is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas in 2017. It has the sixth largest oil reserves as of 2020. Russia is the main transit country for oil from Kazakhstan. Until 2022 Russia was by far the world's largest natural gas exporter.
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