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The Soviet Union and World Trade in Oil and Gas

In: The Soviet Impact on Commodity Markets

Author

Listed:
  • J. B. Hannigan
  • C. H. McMillan

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.

Suggested Citation

  • J. B. Hannigan & C. H. McMillan, 1984. "The Soviet Union and World Trade in Oil and Gas," Palgrave Macmillan Books, in: M. M. Kostecki (ed.), The Soviet Impact on Commodity Markets, chapter 4, pages 68-99, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-06513-4_5
    DOI: 10.1007/978-1-349-06513-4_5
    as

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