Russia holds the worlds eighth-largest proven oil reserves, mostly concentrated in Western Siberia, Arctic basins, and offshore areas. Its petroleum industry has been both a source of national power and a geopolitical lever especially during crises like the Ukraine war. Sanctions, aging infrastructure, and environmental challenges have pressured production and export strategies. Yet Russia continues to reorient toward Asian markets and invest in Arctic exploration, despite climate and technological risks.
Russia
Oil Reserves
Chances and risks in the global race for ressources
Jürgen Drzymalla
Born in Leverkusen near Cologne in 1959, studies of economics at the Universities of Cologne, Leningrad (now St. Petersburg) and Moscow,
currently working as a SAP Logistics Consultant for an internal Technology Consulting Enterprise.
Osteuropa Russia Resources Oil Global race for oil