Oil & Gas in Russia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Russia oil & gas market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country.
The Russian oil & gas market had total revenues of $63.5bn in 2016, representing a compound annual rate of change (CARC) of -19% between 2012 and 2016.
Market consumption volumes declined with a CARC of -1.7% between 2012 and 2016, to reach a total of 3.7 billion BOE in 2016.
Declining volume consumption figures in the Russian oil and gas market are linked with wider macroeconomic issues in the Russian economy. The economy has contracted strongly, especially in 2015 and the GDP per household has declined consecutively for the past two years as per MarketLine. The country’s Federal Statistics Service also announced that consumers in the country had seen their real disposable income decrease by 9.3% between 2016 and 2015. All of this has a negative impact on the ability to consume, explaining why the Russian oil and gas market has declined in the past two years in terms of volume.
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What was the size of the Russia oil & gas market by value in 2016?
What will be the size of the Russia oil & gas market in 2021?
What factors are affecting the strength of competition in the Russia oil & gas market?
How has the market performed over the last five years?
What are the main segments that make up Russia's oil & gas market?