Romania’s oil production drops in 2014, but still among top ten in Europe, Eurasia

Jun 11, 2015 12:00 AM

Romania came 9th among oil producers in Europe and Eurasia, after a 2.1% drop in 2014 on the previous year, according to statistics by British Petroleum. The country produced some 85,000 oil barrels a day.

First in the ranking came the Russian Federation, which produced 10.8 million oil barrels a day last year, followed by Norway, with 1.8 million barrels, Kazakhstan – 1.7million barrels, and UK – with 850,000 oil barrels produced a day.

In Romania, the oil consumption went up 7.5% in 2014 on the year before, to some 187,000 barrels a day – or the equivalent of 0.2% of the worldwide consumption. Russia was not only the biggest oil producer, but the bigger oil consumer as well – 3.2 million barrels a day, about a third of its domestic production.

According to the report, Romania’s proven oil reserves stay at some 600million oil barrels. End-1994, these stood at 1 billion barrels.

Overall, Europe and Eurasia hold 9% of the world’s oil reserves, the biggest of which are in Russia – 103 billion barrels, Kazakhstan – 30 billion barrels, Azerbaijan – 7 billion barrels, and Norway – 6.5 billion barrels.

The full report from British Petroleum is here.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« December 2019 »
December
MoTuWeThFrSaSu
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31

Register to announce Your Event

View All Events