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02.07.2026 mcx.gov.ru

Russia Increases Oil Production

Russia has increased its oil production, with a significant growth in soybean oil, and its export of oilseed products has also risen, with sunflower oil being the main export item.

In January-May of this year, the production of vegetable oils increased by 12.5% compared to the same period last year and amounted to 4.7 million tons. The most significant growth was shown by soybean oil - by 19.4%. The output of sunflower oil increased by 9.4%, and rapeseed oil by 17.6%. The largest producers in this segment are the Voronezh region, Krasnodar region, and Rostov region.

The export of domestic oilseed products increased by 22% and reached $4.9 billion. The main export item remains sunflower oil, the supplies of which showed an increase of 23%, to $2.7 billion. The largest buyers were India, Turkey, Iran, Belarus, and China.