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Post by : Saif Rahman
In a recent announcement, Russia declared that its oil refining, gas production, and coal output for 2025 will mirror the levels seen in 2024. This assertion comes in light of persistent Ukrainian drone attacks targeting significant energy facilities over recent months. Russian Energy Minister Sergei Tsivilev emphasized the country's commitment to stabilizing its energy industry.
As one of the leading contributors to the global energy market, Russia ranks as the third-largest oil producer worldwide, right after the United States and Saudi Arabia, and boasts the largest proven natural gas reserves. Consequently, shifts in Russia’s production could significantly influence global energy pricing and supply chains.
Since August, Ukraine has executed multiple drone incursions deep into Russian territory, striking pivotal energy locations such as refineries and pipelines. The intent behind these assaults is to destabilize Russia's primary income source, which finances its ongoing conflict in Ukraine. Reports indicate that at least 17 major oil refineries have been impacted.
These attacks led Russia to temporarily scale down its fuel exports and bolster drone defenses around crucial energy installations. However, Russian officials assert that production will remain steady for the upcoming year.
Industry insiders disclosed to Reuters that several Russian refineries were running below capacity even prior to the drone incursions. This situation allowed for the swift revival of idle equipment at both damaged and intact facilities as needed. In various instances, refineries managed to quickly repair affected units and return them to operation.
According to estimates from Reuters, Russia processed approximately 220 million metric tons of oil from January to October 2025, representing a 3% decline compared to the same timeframe last year. Although the country can refine around 6.6 million barrels per day, experts note that it rarely operates at full capacity.
After facing a collapse in relations with Western nations, Russia's natural gas exports have also diminished. Once the largest gas supplier to Europe, the ongoing conflict has strained that relationship. As reported by Vedomosti, Russia anticipates a 2% decline in gas output for 2025, projecting around 673 billion cubic meters, following a 7% rise in 2024 as Russian producers adapted to new markets.
Although Russia confronts challenges from both ongoing warfare and international sanctions, it strives to present a robust image of its energy sector. Maintaining consistent production levels may be crucial for Russia to sustain its revenue and wield political influence.
Nonetheless, the real challenge awaits in 2025. Should the drone assaults persist or escalate in effectiveness, Russia could face difficulty maintaining its energy infrastructure. The international community will be monitoring the situation closely, as any interruptions could have far-reaching implications for global oil and gas supply.
#Global News #Global Economy #Global Updates #Global Global News world news #Global Global News world
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