Rosnedra: Russia’s profitable oil reserves will last for 21 years

by time news

According to Rosnedra, Russia’s provision with profitable oil reserves is currently estimated at 21 years old, TASS reports with reference to the interim head of the department Yevgeny Petrov.

“Profitable stocks [нефти хватит] by about 20-21 years, “Petrov said on the sidelines of the Tyumen Oil and Gas Forum. He added that this period will increase as technologies for hard-to-recover oil reserves develop.

According to the acting head of Rosnedra, Western Siberia is the most promising Russian region for the exploration of oil and gas reserves. “There is still work and work here. There is a potential for work here for many, many years, ”he noted, stressing that the development of hydrocarbon fields in Eastern Siberia is still unprofitable due to the lack of the necessary infrastructure.

Earlier, the International Energy Agency (IEA) downgraded the forecast for global growth in oil demand in 2021 and expects this figure at 5.2 million barrels per day (b / d), follows from the agency’s September report. Earlier in August, the agency estimated the potential global demand for oil at 5.3 million bpd, and in July – at 5.4 million bpd.

On September 1, the OPEC + countries agreed to adhere to the plan adopted in July to increase oil production by 400,000 barrels per day per month.

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