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BP says Russia will benefit from increased demand in oil and gas

17 Jun 2014
Global demand for oil and gas is growing, and Russia is well placed to capitalize on it, according to a BP review on world energy released this week.

Presenting the report at the 21st World Petroleum Congress held in Moscow, Bob Dudley, CEO of BP, said Russia was at the top of the world energy market being both the world’s largest producer of oil and gas combined and the largest energy exporter.

The U.S. and China remain the world's two largest energy consumers, together accounting for 70 percent of all energy consumption growth, but in general, the report revealed that the energy gap between the developed countries of the OECD and countries outside the organization is at its smallest since 2000.