In 2018, Russia's oil reserves amounted to 14.6 billion metric tons, accounting for approximately six percent of global petroleum reserves. The largest proved oil reserves in Europe and Eurasia are located in Russia, followed by Kazakhstan and Norway.
Where is Russian oil extracted?
The largest share of oil and gas production activities in the country take place in Western Siberia. Exploration of natural resources in this area have steadily developed since the 1960s. The second leading region is the Volga-Ural oil and gas province, with major oil deposits situated in Bashkortostan and Tatarstan republics.
How long will Russian oil reserves last?
In 2020, Gazprom Neft’s Head of Strategy and Innovation Sergey Vakulenko stated that Russian oil reserves were sufficient for profitable production with already used technologies and at current rates for approximately 30 more years. Further extraction would be more costly, as it would require innovative equipment.
Russia's oil reserves from 1990 to 2018
(in billion metric tons)
The figures before 2009 are based on the Exxon Report "Oeldorado 2009". The figures for 2009-2016 are based on "BP Statistical Review of World Energy" (editions 2010-2016). The figures have been rounded.
Reserves include gas condensate and natural gas liquids (NGLs) as well as crude oil.
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account!
Premium Account
Your perfect start with Statista
Instant access to 1m statistics
Download in XLS, PDF & PNG format
Detailed references
$59 / Month *
Corporate Account
Full access
Corporate solution including all features.
* All products require an annual contract.
Prices do not include sales tax.
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.
BP. (June 11, 2019). Russia's oil reserves from 1990 to 2018 (in billion metric tons) [Graph]. In Statista. Retrieved February 18, 2020, from https://www.statista.com/statistics/264390/oil-reserves-in-russia-since-1990/
BP. "Russia's oil reserves from 1990 to 2018 (in billion metric tons)." Chart. June 11, 2019. Statista. Accessed February 18, 2020. https://www.statista.com/statistics/264390/oil-reserves-in-russia-since-1990/
BP. (2019). Russia's oil reserves from 1990 to 2018 (in billion metric tons). Statista. Statista Inc.. Accessed: February 18, 2020. https://www.statista.com/statistics/264390/oil-reserves-in-russia-since-1990/
BP. "Russia's Oil Reserves from 1990 to 2018 (in Billion Metric Tons)." Statista, Statista Inc., 11 Jun 2019, https://www.statista.com/statistics/264390/oil-reserves-in-russia-since-1990/
BP, Russia's oil reserves from 1990 to 2018 (in billion metric tons) Statista, https://www.statista.com/statistics/264390/oil-reserves-in-russia-since-1990/ (last visited February 18, 2020)
We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. For details, please see your browser’s Help section (by pressing F1). Please see our privacy statement for details about how we use data.
