Russia

Share of Russian oil, gas equipment could reach 82% this year — minister

TASS English · 2026-09-16

AI SUMMARY

• What happened: Russia's Industry and Trade Minister announced that the share of Russian oil and gas equipment is expected to increase to 82% in 2026, up from 80% in 2025, with the market valued at approximately $3.48 billion in the first half of 2026. • Why it matters: This increase reflects Russia's efforts to bolster its domestic oil and gas machinery production amid ongoing international sanctions and supply chain disruptions, potentially impacting global energy markets. • What to watch next: Monitor developments in Russia's oil and gas sector, including any changes in production capacity and international relations that may affect equipment supply and market dynamics.

Share of Russian oil, gas equipment could reach 82% this year — minister Russia’s oil and gas machinery market totaled $3.48 bln in the first half of 2026TYUMEN, September 16. /TASS/. The share of Russian oil and gas equipment could grow by 2% to 82% in 2026, Industry and Trade Minister Anton Alikhanov told reporters on the sidelines of the TNF industrial and energy forum. "In 2025, the share of Russian oil and gas equipment amounted to 80%. By the end of this year we expect a 2% increase," he said. Russia’s oil and gas machinery market totaled 294 bln rubles ($3.48 bln) in the first half of 2026. The ministry expects the market to grow up to 800 bln rubles ($9.47 bln) by the end of the year, Alikhanov added. 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Source: TASS English
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