Russia beats Saudi to emerge as world’s biggest oil producer in 2012

"Rosneft reported one of the largest rises in crude output among the Russian oil majors last year
More crude from state-owned top producer Rosneft kept Russian oil output the highest in the world last year, ahead of Saudi Arabia, Energy Ministry data showed on Wednesday.
Crude output edged up almost 1% to a new post-Soviet high of 10.37 million barrels per day (bpd), but the increase could halt this year due to depleted oil fields in West Siberia.

Russia’s oil output, the world’s largest, edged up almost 1% in 2012 to a new post-Soviet average yearly high of 10.37 million barrels per day (bpd)..."

at http://stratrisks.com/geostrat/10220