The energy industry in the CIS
The CIS (Commonwealth of Independent States) includes 12 states, including Russia, Kazakhstan, Azerbaijan and Turkmenistan. The area has access to 9% of the worlds reserves and production is dominated by Russia, who account for close to 80% of the region's output. This is followed by Kazakhstan and then Azerbaijan. Although they produce relatively low amounts compared to the major oil-producing regions, in the last decade, the output has been increasing exponentially. Mining is also significant in the region with Russia being the worlds' 3rd largest gold producer as well as minerals such as copper, lead and cobalt being heavily mined in Siberia.