Russian Reserves Rise

According to the annual BP Statistical Review of World Energy, just released by BP Petroleum, Russia has added 10 billion barrels to reserves in the past year. Russian reserves jumped above 100 billion barrels for the first time since BP began publishing the Statistical Review in 1951. BP's analysis is based on data released by Russia. Total proved reserves for Russian oil and gas in 2014 were more than double their level in 1980, the first year data was collected from Russia.