No longer world’s biggest oil producer, Russia focuses on offshore development
May 22, 2012 4 min. read

According to data from the Joint Organization Data Initiative, Saudi Arabia has surpassed Russia as the world’s largest oil producer, a position which the latter country held for six years. The Middle Eastern kingdom’s oil production rose to a 31-year high last year, while Russia’s dropped. As Matthew Hulbert writes in his analysis for Forbes, […]

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