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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (207722)	11/4/2006 11:51:09 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 281500

We can get it from Pooty Poot. Russia is now the largest producer in the world. Or, can we?..... It appears the stable growth in hydrocarbon output has ended in Russia. Production suffered minor decline in September and October, and the annual growth is estimated at around 2 percent by results of this year. Russia produced 399.091 million tons of crude and gas condensate in the first ten months of this year, Industry and Energy Ministry reported Thursday. Similar to September, the aggregate production lowered a bit past month. The daily output slid to 9.71 million bbl in October vs. 9.75 million bbl a month earlier. If the current trend is maintained, Russia will post just 2-percent annual increase at close of this year. And it is yet unclear how the energy crisis that is forecasted to hit Western Siberia this winter will affect production of crude oil. The crude exports went down as well. Transneft attributes October decline of 2.2 percent to increased efficiency of domestic deliveries. For the crude oil product, the domestic demand goes up on expected surge in demand for black oil in winter of 2006/2007 generated by the housing and communal services, by divisions of RAO UES of Russia and by the energy crisis forecasted for this winter. It is worth mentioning that the greatest reduction in shipment was registered in the exports to far abroad countries, while deliveries to the CIS shed by no more than 0.2 percent. As to the forecasts, a new cycle of stable growth in output won't begin in Russia till 2014, IEA predicted Message 22976108 Well, there is always Iran.