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Saudi Arabia to Overtake Russia as Top Oil Producer

sharon sanders

sharon sanders

Editor-in-Chief & President
Saudi Arabia to overtake Russia as top oil producer-IEA

Wed Nov 9, 2011 11:12am EST
* Russian oil production to decline to 9.7 million bpd by 2035

* Gas deal with China expected, with gas export seen at 330 bcm

By Vladimir Soldatkin and Nastassia Astrasheuskaya

MOSCOW, Nov 9 (Reuters) - Saudi Arabia will overtake Russia as the world's largest crude oil producer in about 2015 as output at new Russian fields fails to offset fast decline at mature deposits, the International Energy Agency (IEA) said on Wednesday.

more...

http://www.reuters.com/article/2011/11/09/russia-energy-iea-idUSL6E7M93XT20111109
 
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