Russia oil and gas market is showing recovery with a market value of USD XX billion in 2017. Stabilizing oil prices, surge in consumption and government policies are set to boost Russia oil and gas market value to $XX billion by 2023 at a projected CAGR of XX%On the investment front, companies tend to boost their investments in Russia oil and gas infrastructure over the next few years, in particular, in planned upstream exploration and production sectors. Over the last five years from 2012 to 2017, Iran invested USD XX billion and further, between 2017 and 2023, the country's capital expenditure is forecast to increase to USD XX billion.

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On the production front, Russia oil and gas supply increased by XX% in 2017 to reach XX million barrels of oil equivalent (mboe). Further, investments in production coupled with technological advancements are set to drive the oil and gas production increase to XX mboe in 2023.


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During 2017, the share of Russia oil and gas market value in global market value was XX%. On the reserves front, Russia's proven oil reserve volume was XX Billion barrels and proven gas reserve volume was XX Tcf.

Segment wise, Russia upstream market value is estimated at USD XX Billion and is expected to grow at XX% CAGR between 2017 and 2023.
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