20 Nov '16, 1pm

#oil

#oil

Russia is a major producer of crude oil and natural gas and many European countries rely on its exports. The economic growth of the country is driven by energy exports with oil and natural gas accounting for 43 percent of the federal revenues in 2015. Russia’s primary energy consumption Natural gas – 53% Petroleum – 22% Coal – 14% Nuclear, renewables and others – 11% Russia’s energy exports Energy accounts for 68 percent of Russia’s total exports. This is broken down as follows: Crude oil – 33% Petroleum – 21% Natural gas – 14% Russia and Europe are interdependent in terms of energy. Europe is dependent on Russia as a source of both oil and natural gas, with almost 30% of European Union crude imports and more than 30% of natural gas imports coming from Russia in 2015. Russia is dependent on Europe as a market for its oil and natural gas and the revenues those exports gener...

Full article: http://www.energydigital.com/utilities/4367/Country-profi...

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