Russia role of oil and gas industry

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Konstantin Simonov’s speech presentation for The University of Pittsburgh.
Pittsburgh, USA, March 24, 2012.

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Russia role of oil and gas industry

  1. 1. National Energy Security FundRussia: Role of Oil andGas Industry Konstantin Simonov University of Pittsburgh March 24 2012
  2. 2. Contribution of Oil and Gas to Russian Budget RF State Budget Revenues (billion dollars) Taxes and duties from O&G companies 193 188 Other revenues Source: Government of RFNational Energy Security Fund
  3. 3. Russian Oil Fields Source: KommersantNational Energy Security Fund
  4. 4. Russian Oil FieldsNational Energy Security Fund
  5. 5. Russian Gas Fields Source: GazpromNational Energy Security Fund
  6. 6. World Reserves and Production of Gas Proved reserves of natural gas (at end Consumption of natural gas (at end 2010) 2010) Reserves, Consumption, Share of Share of Country trillion cubic Country billion cubic total (%) total (%) meters meters Russia 44,8 23,9 USA 683,4 21,7 Iran 29,6 15,8 Russia 414,1 13 Qatar 25,3 13,5 Iran 136,9 4,3 Turkmenistan 8 4,3 China 109 3,4 Saudi Arabia 8 4,3 Japan 94,5 3 USA 7,7 4,1 U.K. 93,8 3 UAE 6 3,4 Canada 93,8 3 Saudi Venezuela 5,5 2,9 83,9 2,6 Arabia Nigeria 5,3 2,8 Germany 81,3 2,6 Algeria 4,5 2,4 Italy 76,1 2,4 Source: BP World Energy Outlook 2011National Energy Security Fund
  7. 7. World Reserves and Consumption of Oil Proved reserves of oil (at end 2010) Consumption of oil (at end 2010) Reserves, Thousand Share of Consumption, Share of Country Country million total (%) Million tonnes total (%) tonnes Saudi Arabia 36,3 19,1 USA 850 21,1 Venezuela 30,4 15,3 China 428,6 10,6 Iran 18,8 9,9 Japan 201,6 5 Iraq 15,5 8,3 India 155,5 3,9 Kuwait 14 7,6 Russia 147,6 3,7 United Arab Saudi 13 7,1 125,5 3,1 Emirates Arabia Russian 10,6 5,6 Germany 116,9 2,9 Federation Libya 6 3,4 Brasil 115,1 2,9 South Kazakhstan 5,5 2,9 105,6 2,6 Korea Canada 5 2,3 Canada 102,3 2,5 Source: BP World Energy Outlook 2011National Energy Security Fund
  8. 8. Production of Oil and Gas Production of oil (at end 2010) Production of natural gas (at end 2010) Production, Share of Production, Share of Country million Country total (%) bcm total (%) tonnes Russian 505,1 12,9 US 611 19,3 Federation Russian Saudi Arabia 467,8 12,0 588,9 18,4 Federation US 339,1 8,7 Canada 159,8 5,0 Iran 203,2 5,2 Iran 138,5 4,3 China 203 5,2 Qatar 116,7 3,6 Canada 162,8 4,2 Norway 106,4 3,3 Mexico 146,3 3,4 China 96,8 3,0 United Arab 130,8 3,7 Saudi Arabia 83,9 2,6 Emirates Venezuela 126,6 3,2 Indonesia 82 2,6 Kuwait 122,5 3,1 Algeria 80,4 2,5 Source: BP World Energy Outlook 2011National Energy Security Fund
  9. 9. Oil Production Oil Production in RF (Thousand barrels daily)1400012000100008000600040002000 0 1985y 1986y 1987y 1989y 1990y 1992y 1994y 1995y 1996y 1997y 1998y 1999y 2000y 2001y 2003y 2005y 2006y 2007y 2008y 2009y 2010y 1988y 1991y 1993y 2002y 2004y Source: BP World Energy Outlook 2011National Energy Security Fund
  10. 10. Gas Production Gas Prodiction in RF (Billion cubic feet per day)70,060,050,040,030,020,010,0 0,0 1986y 1989y 1997y 1985y 1987y 1988y 1990y 1991y 1992y 1993y 1994y 1995y 1996y 1998y 1999y 2000y 2001y 2002y 2003y 2004y 2005y 2006y 2007y 2008y 2009y 2010y Source: BP World Energy National Energy Security Fund Outlook 2011
  11. 11. Oil Prices and Russian History Crude oil prices ($2010 per barrel)120,00100,00 80,00 60,00 40,00 20,00 0,00 1970y 1972y 1988y 1990y 1992y 1994y 1996y 1974y 1976y 1978y 1980y 1982y 1984y 1986y 1998y 2000y 2002y 2004y 2006y 2008y 2010y Source: BP World Energy Outlook 2011 National Energy Security Fund
  12. 12. Export and Import Import of RF (2010, million $)120000 101823100000 80000 60000 37232 36482 40000 17568 14221 20000 8663 5914 5897 1244 0 Machinery Products Food Metals and Textile and Mineral Wood Rawstock Others and of gems footwear raw and fur equipment chemical materials industry Export of RF (2010, million $) 300000 272840 250000 200000 150000 100000 51326 50000 25192 22582 9862 9365 814 307 4356 0 t r ls s ry en r od ea s d fu m ia er oo st pm Fo w ge er d th du W ot an at O ui d in fo m an eq k l d oc ica w an s d ra st al an em Source: Rosstat aw i le et al ry ch M xt er R ne Te in of M hi ts ac uc M National Energy Security Fund od Pr
  13. 13. Main Trade Partners Foreign trade turnover of RF with far abroad (2010, million $)70000 59361 5840560000 5181750000 374484000030000 24246 23555 23135 22555 20761 167542000010000 0 SA na ly n ey y d d ce s an pa an an It a nd rk hi an U Ja m nl l Tu C rla Po Fr er Fi he G t Ne Foreign trade turnover of RF with FSU (2010, million $) 37187 40000 35000 27874 30000 25000 20000 15274 15000 10000 3447 1532 5000 0 us n va e an ta in Source: Rosstat r do st is ra la kh ek ol Be Uk M za b Uz Ka National Energy Security Fund
  14. 14. Russia in the WorldNational Energy Security Fund
  15. 15. World Primary Energy Demand in the New Policies Scenario Source: IEA World Energy Outlook 2010National Energy Security Fund
  16. 16. World Primary Energy Demand Source: IEA World Energy Outlook 2011 «Are we entering a golden age of gas?»National Energy Security Fund
  17. 17. Energy Consumption (Mtoe) 2000,0 1800,0 1600,0 1400,0 North America S & C America 1200,0 Europe & Eurasia 1000,0 Middle East 800,0 Africa 600,0 Asia Pacific 400,0 200,0 0,0 1990y 1995y 2000y 2005y 2010y 2015y 2020y 2025y 2030y Source: BP Energy Outlook 2030National Energy Security Fund
  18. 18. Europe or Asia? Gas Procution and Demand (Asia Pacific OECD countries, bcm)250 226 210200 170 147150 126 Gas production Primary gas demand100 4550 0 2008y 2020y 2030y Source: IEA World Energy Outlook 2011 «Are we entering a golden age of gas?» National Energy Security Fund
  19. 19. Europe or Asia? Gas Procution and Demand (Asia Pacific Non-OECD countries, bcm)1200 10491000800 715 748 604 Gas production600 Primary gas demand 376 341400200 0 2008y 2020y 2030y Source: IEA World Energy Outlook 2011 «Are we entering a golden age of gas?»National Energy Security Fund
  20. 20. Europe or Asia? Gas Procution and Demand (Europe OECD countries, bcm)700 653 608600 555500400 Gas production 307300 270 Primary gas demand 232200100 0 2008y 2020y 2030y Source: IEA World Energy Outlook 2011 «Are we entering a golden age of gas?»National Energy Security Fund
  21. 21. Russian Oil in AsiaNational Energy Security Fund Source: Transneft
  22. 22. Russian Gas in AsiaNational Energy Security Fund Source: Gazprom
  23. 23. State or Private?Production of European Western Eastern Siberia oil (million part Siberia and Far East tonnes) 2009y 2010y 2009y 2010y 2009y 2010y Rosneft 25,9 24,7 73,9 73,2 5,7 5,7 LUKOIL 39,2 39,3 53 50,8 TNK-BP 18,3 19,7 48,5 48 3,1 3,9Surgutneftegaz 57,9 56,3 1,8 3,2 Gazprom neft 28,3 29,8 1,6 1,7 Tatneft 26,1 24,5 Bashneft 11,7 13,4 0,6 0,5 RussNeft 5,5 5,9 7 7,1 0,2 0,3 Gazprom 4,7 5,9 6,9 7,7 0,5 1 Slavneft 18,9 18,4 0,03 0,03 National Energy Security Fund Source: Ministry of Energy
  24. 24. State or Private? Production of gas in RF (bcm)National Energy Security Fund Source: Ministry of Energy
  25. 25. Thank you! www.energystate.ruNational Energy Security Fund

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