Russian production looks to technology for growth
Expanding the use of enhanced oil recovery methods could offset output declines
The contamination of the Druzhba pipeline with organic chlorides in April 2019—which became the most serious interruption of supplies in the history of Russian oil trade—had a profound impact on the country’s export volumes. But despite deliveries only fully resuming on 1 July, crude oil exports to Europe for the first eight months of 2019 exceeded those during the same period of 2018. It was a different story for petroleum product exports. These totalled 2.8mn bl/d for the first eight months of 2019, 10pc less than in 2018. The main reasons for this decline were an increase in export duties on heavy oil products and slowing European demand. As of the end of 2018, 11.16mn bl/d of oil and gas
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
