Will Russian oil production now plateau?

摘要

In 1Q2008 Russian production declined by 1%,reversing a trend begun in 1998 that had resulted in a 58% increase in production from 6.2mn b/d of oil to the current 9.76mn b/d.Actually,this was not the first decline in the 10-year period.However,the slight decline in 1Q2005 could clearly be attributed to an exceptionally cold period in Siberia and the reorganisation and temporary drop in production as Rosneft took over Yuganskneft,the main producing asset of Yukos.