The Soviet Union and World Trade in Oil and Gas

J. B. Hannigan and C. H. McMillan

Chapter 4 in The Soviet Impact on Commodity Markets, 1984, pp 68-99 from Palgrave Macmillan

Abstract: Abstract The Soviet Union occupies a salient position in world output and reserves of hydrocarbons. At the end of the 1970s, it remained the world’s leading producer of petroleum, accounting for nearly one-fifth of world production. Moreover, despite the depletion of some of its historic fields, it was estimated in 1979 to dispose of 10 per cent of the world’s proven reserves, which placed it alongside Kuwait and second only to Saudi Arabia in this measure of output potential.

Keywords: Commodity Market; Exportable Surplus; Export Capability; Soviet Trade; Soviet Foreign Trade (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06513-4_5

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DOI: 10.1007/978-1-349-06513-4_5

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