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Accession Number PB2013-101440
Title Country Analysis Briefs: Russia, September 18, 2012.
Publication Date Sep 2012
Media Count 17p
Personal Author N/A
Abstract Russia is a major producer and exporter of oil and natural gas and its economy largely depends on energy exports. Russia's economic growth continues to be driven by energy exports given its high oil and gas production and the elevated prices for those commodities. Internally, Russia gets over half of its domestic energy needs from natural gas. Russia was the world's second-largest producer of oil (after Saudi Arabia) and the secondlargest producer of natural gas in 2011 (second to the United States). However, preliminary data through June 2012 indicate that Russia had surpassed Saudi Arabia as the top oil producer for much of the year. Russia's oil and gas sector continues to be affected by high taxes and export duties. While export duties for crude oil and petroleum products were lowered to 60 and 65 percent, respectively, in 2011, producers still face high mineral extraction taxes and a revenue-based tax system.
Keywords Carbon dioxide emissions
Forecasts
Oil consumption
Oil production
Oil-exporting countries
Russia
United States oil imports


 
Source Agency Energy Information Administration
NTIS Subject Category 97B - Energy Use, Supply, & Demand
97G - Policies, Regulations & Studies
Corporate Author Energy Information Administration, Washington, DC.
Document Type Technical report
Title Note N/A
NTIS Issue Number 1303
Contract Number N/A

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