Russia Holds World’s Most Shale Oil Reserves

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



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