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The Russian oil and gas market is one of the largest and most important in the world. Russia is the world's largest exporter of oil and gas, and the industry accounts for a significant portion of the country's economy. In 2021, Russia produced 10.5 million barrels of oil per day (bpd) and 762 billion cubic meters (bcm) of natural gas.
The Russian government is a major buyer of oil and gas products and services. In 2021, the government spent an estimated $120 billion on oil and gas procurement.
The main oil and gas products and services procured by the Russian government are:
Exploration and production
Transportation
Refining
Petrochemicals
The top authorities for Russia oil and gas procurement are:
The Ministry of Energy of the Russian Federation
The Federal Agency for Subsoil Use (Rosnedra)
The Federal Agency for State Reserves (Rosrezerv)
The top winners of Russia oil and gas procurement are:
Rosneft
Gazprom
Lukoil
Surgutneftegas
Novatek
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