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Russia Upstream: 2014 in review

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13 January 2015

Russia Upstream: 2014 in review

Report summary

2014 started strongly and full of optimism for the Russian upstream industry. January saw a new post-Soviet record for oil production. Activities in the Arctic offshore gained momentum, and Gazprom finally signed its much anticipated gas export agreement with China. However, sanctions, the decline of the oil price and the subsequent collapse of the Rouble led to a dramatic deterioration of the investment climate – for both current and future developments.

Table of contents

Tables and charts

This report includes 3 images and tables including:

  • Russia Upstream: 2014 in review: Table 1
  • Chart – Timeline of 2014
  • Map – Oil and gas fields in the East Barents Sea and Kara Sea

What's included

This report contains:

  • Document

    Russia Upstream: 2014 in review

    PDF 663.87 KB