Regional report: Russia ///

Russian oil and gas lose world supremacy, despite increasing production 0.7%. In 2014, Russia was no longer the world’s No.1 hydrocarbon producer (oil and natural gas, combined), having given up this statistical position to the U.S. Still, during 2014, according to Roskomstat and the Russian Federation (RF) Energy Ministry, the country’s production increased 0.7%, to 526.73 MMt (10.58 MMbpd) of crude oil and gas condensate, including 24.469 MMt (570,000 bpd) of lease condensate. This is a post-Soviet record high.

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