Russian Oil- and Gas Market

GDP

Residents, 2018

146,8 Mio.

GDP, bn rub, 2018

92.089

GDP, forecast 2019

+1,5%

GDP, forecast 2020

+1,8%

GDP, forecast 2021

+1,8%

(Source: gtai, Weltbank, IMF)

Oil and Gas Revenues (bn rub)

(Source: Ministry of Finance of the Russian Federation)

Gas Production (bn cbm)

(Source: gtai, Rosstat)

Development of crude oil production in Russia (Mio. t)

2016

549

2017

546

2018

556

2019 forecast

557

2021 forecast

562

2024 forecast

557

Change 2018-2021

+1%

Change 2017-2021

+3%

(Source: gtai, Rosstat)

Russian oil and gas mineral extraction tax revenue forecast

Russian oil and gas mineral extraction tax revenue forecast to 2024

(Source: GlobalData Upstream Economics (Forecast), Treasury of Russia (2014-2017 data)

Expanding investments in oil and gas exploration

Expanding investments in oil and gas exploration

(Source: Rystad Energy; Strategy&Research)