Recently published research from Business Monitor International, "Russia Oil & Gas Report Q3 2016", is now available at Fast Market Research

[ClickPress, Tue May 10 2016] Oil production continues to outperform as a weak rouble allows for maintained capex and lower operating costs . Gas production, which underperformed in 2015 , will improve as domestic and foreign demand pick up .

The main trends and developments we highlight for Russia's oil & gas sector are:

Crude and condensate production averaged 10.9mn b/d in Q116, up from 10.7mn b/d in Q115. We forecast production to increase from 2015 and remain largely flat to 2018.

Gas production was flat in 2015 (635bcm) and remains on par with 2015 output in Q116.

The finance minister expects oil export duty to drop to the planned 30% in 2017, from 42% currently.

Refined fuels consumption fell heavily in 2015 given the recession, and is expected to be weak in 2016. This will allow for increased exports, particularly diesel.

Full Report Details at

Refinery upgrades to Euro-V standards are now complete among major refiners. Euro-V standards are due to be implemented nationwide from August 1 2016.

Mineral extraction tax for non-liquefied gas exporters (or Gazprom) will increase in 2016, generating around RUB100bn (USD1.62bn) for the government.

The Russia Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Russia including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Russia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Russian oil and gas industry.

Key Benefits
Benchmark BMI's independent oil and gas industry forecasts for Russia to test consensus views - a key input for successful budgeting and strategic business planning in the Russian oil and gas market.
Target business opportunities and risks in the Russian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Russia.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.


BMI Industry View

Summary of BMI’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

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