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Top 10 National Oil Companies by production

by Matthew Scotland on May 14, 2009

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A Kuwait Oil Company oil rig on the border with Iraq. (Getty Images)

10. Rosneft (Russia)

Despite being Russia’s second best performer on the PIW list, coming in 16th, Rosneft scores higher than its local competitor Gazprom in terms of oil production. Gas is the dominant resource in Russia; however the country still boasts roughly 60 billion barrels of proven reserves – most of which located in Western Siberia – while exploration and production in the untapped Arctic frontiers could yet increase this.

Rosneft scores 1.69 million bpd of oil, taking the last position in our top 10. Russian production levels have been on the decline since it peaked in the 1980s, but the country has seen levels rise once more into the 21st Century, and will continue to seek growth in face of ageing reservoirs.

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