Russia holds the most amount of shale oil in the world.

According to the EIA, Russia has estimated reserves of about 75 billion barrels.

  • In December 2013, Rosneft stated that they are eager to unlock the shale oil potential in the Samara region of western Russia.
  • This would be done via a joint venture between Rosneft and Statoil for the production of the Domanik shale formation in the Samara region, near Russia’s southwest border with Kazakhstan.

Russia Shale Map