Post-Soviet oil exports: Are the Russians really coming

OPEC Bulletin

Volumn 34, Issue 5, 2003, Pages 11-22

  Khartukov, Eugene ^a,b   Starostina, Ellen ^c  

^a Center for Petroleum Business Studies   (Russian Federation)

^b Petro Logistics   (Switzerland)

^c PetroFinance/ICPBS   (Russian Federation)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0346270684     PISSN: 04746279     EISSN: None     Source Type: Trade Journal    
DOI: None     Document Type: Business Article

References (9)

1. The term "near abroad" is used in Russia to refer to the other ex-Soviet republics, while "far abroad" refers to the rest of the world.
2. A reference to the first line of the national anthem of the Soviet Union.
3. 1) reserves of crude and condensate at 25.2bn tons (or about 185bn b), while unofficial estimates of current proved reserves vary from 60bn to 150bn b. Our own company-by-company review of estimated proved (and quasi-proved) reserves (mostly supported by Western audits) puts Russia's remaining recoverable oil reserves at around 110bn b.
4. Woolen, I: "Challenges for Caspian Oil and Gas Exports", published in "Proceedings of EF International Conference on CIS Oil & Gas Transport and Supply", April 23-24, 2003, Moscow, Russia.
5. As a matter of fact, for the last five years (1998-2002) a yearly differential between the higher OPEC Basket price and the Urals average price (cif NWE/Med), used as a reference by the Russian government, averaged less than 40 ¢/b.
6. Petroleum Intelligence Weekly, September 8, 2003, p4.
7. FSU Energy, September 5, 2003, p1.
8. IEA Oil Market Report, September 10, 2003, p44; Petroleum Intelligence Weekly, September 1, 2003, p3.
9. IEA Oil Market Report, September 10, 2003, p44; Petroleum Intelligence Weekly, September 1, 2003, p3.