Mosnews.com is claiming that Russia’s production of crude oil has surpassed that of Saudia Arabia, according to an OPEC report.
According to OPEC, in June 2006 Russia extracted 9.236 million barrels of oil, which is 46,000 barrels more than Saudi Arabia. The statistics also showed that Russian production in the first half of this year increased to 235.8 million tons, a year-on-year improvement of 2.3 percent.
Note: this refers to the rate of oil extraction, which is different from proven reserves.
Either way, feel free to thank me for this interesting fact. I’m sure you’ll be dropping it into a dinner conversation sometime soon.
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