May 2003

Special Report: ACHEMA 2003

ACHEMA Perspective 2003-FSU (Russia)

      Comments? Write: Russia is a major player within the energy market. T..

      Comments? Write: Russia is a major player within the energy market. This nation holds the largest natural gas reserve, the second largest coal deposit and the eighth largest crude oil reserve. Energy accounts for 40% of Russia's exports and 13% of the gross domestic product (GDP). This economy is highly sensitive to global energy price fluctuations; high world oil prices during 1999 and 2000 provided vast revenues from oil exports, thus stimulating the domestic economy with a real GDP

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