Russian oil & gas exports

Worldwide energy security is in large measure dependent on Russia’s exports of oil and natural gas. The country’s resources give Russia significant market potential in the eyes of international oil and gas company executives who now witness the decline of accessible reserves around the world.

According to official statistics, in 2008 Russian companies exported more than 221 million tons of crude oil, generating over USD 151 billion in revenues. The value of petroleum products exports from Russia stood at around USD 78 billion. The export volume for refined products was close to 115 million tons. Export volumes of diesel fuel exceeded 35 million tons, with an estimated value of USD 32 billion. Additionally, more than 61 million tons of mazut was exported.

Russia exported a total of 174.3 billion cubic meters of natural gas in 2008 for a total of USD 66.4 billion.

One of the chief reasons for the growth of Russia’s oil and gas production is that the country is surrounded by energy-import-dependent nations. China and the European countries are not self-sufficient producers of energy. Russia operates an extended pipeline network to export fuel to Europe and will soon launch exports to the Asian markets via China. Altogether, Russia’s prospects of maintaining its leadership position in energy exports on the global markets are high.

While the economic crisis did leave its mark on the Russian energy sector, the market has already begun to stabilize with the growing prices of oil and gas. According to Russian State Statistics Service, the production of fuel and energy resources in the country decreased by 2.9 percent in the first five months of 2009 when compared to the same period in 2008. Russia’s output of oil and gas condensate shrank by 0.1 percent as against the same period in 2008. In the first four months of 2009, Russia’s gas output dropped by 19.2 percent as compared to January-May 2008. Despite the negative effects of the economic crisis, signs of recovery have become noticeable. In May of 2009, Russia’s production of oil amounted to 41.6 million tons, a figure that is 1.1 percent more than the results for May 2008 and 2.7 percent more compared to the totals for April 2009.

Market analysts forecast that the export of petroleum products from Russia will increase by 4.26 percent in the next three years. Exports of petroleum products have traditionally been a major determinant of Russia’s economic growth, as Russian oil production is directly correlated with global oil prices. Russian natural gas exports to Europe and Asia are expected to grow at a CAGR of around 2.2 percent from 2010 to 2030. Long-term forecasts for gas production, consumption, and exports should not be very much affected by the 2009-2010 recession

Russia’s oil reserves are around 79 billion barrels and are located in the Siberian region and in the Caspian Sea. Russia’s reserves are the world’s seventh largest. Oil production in the country is second only to Saudi Arabia. Alongside tremendous production potential, Russia has significant refining capabilities. The refining industry in Russia is the third most developed in the world after the refining sectors in the U.S. and in China. 

PetroGaz, LLC., owned by OIL Traders International, LLC. and the A&M group, is able to facilitate the purchase of Russian oil, petroleum products, and natural gas. All of the company’s clients in the United States are end consumers of fuel. Largest American airlines, cargo transporters, and trucking companies have great demands for oil and petroleum products originating in Russia.           

At PetroGaz, LLC. we are committed to providing the highest quality of service in purchasing petroleum products. PetroGaz, LLC. is focused on providing ultimate customer satisfaction. PetroGaz, LLC. is engaged in the purchase of a number of different types of fuel, including:

• D2 – Diesel Gas Oil – Gost 305-82

• Jet Fuel – JP54 and A1

• Mazut 100

• Iraqi Crude Oil – ILCO

• Russian Crude Oil – REBCO

• Saudi Light Crude – SLCO

• Ultra Light Sulfur Diesel – ULSD

• Natural gas – NG

Our dedication to excellence in research and analysis, professional trading, and operations management represent a combined 35 years of hands-on experience in the oil and gas industry. 

PetroGaz, LLC. maintains active relations with major oil companies and direct seller mandates, including PDVSA (Venezuela), PMEX (Mexico), ARAMCO (Saudi Arabia), Gazprom (Russian Federation), NOC (Lybia), Chesapeake, Devon Energy, Shell, Rutherford Oil Corporation, Continental Airlines, Delta Air Lines, Inc., and Singapore Airlines (U.S.). The company also has extensive business and political connections around the world.

PetroGaz, LLC. employs state-of-the-art technologies and takes a personal approach for realizing projects on our clients’ behalf. The principals of PetroGaz, LLC. understand the importance of face-to-face negotiations.

The staff of PetroGaz, LLC. is very sensitive to addressing all legal issues presented in contracts negotiated for our clients to insure the highest level of customer protection.

PetroGaz, LLC. is always striving to expand its commercial relationships, open new horizons, and find new opportunities. We look forward to creating lasting business ties to guarantee mutually-rewarding cooperation.  

The company will be willing to consider any proposals of long-term mutually-rewarding cooperation.

Address: 100 Park Avenue, 7th floor
Oklahoma City, Oklahoma 73102

Office:
770-861-1706  (Lyn W. Anglin, President)
405-590-9549

Russian: 405-701-0471