Categories: economy

Audit chamber: Russia in 35 years the end of oil, and after 50 years — gas

The chamber has published a report on the results of the expert-analytical event “analysis of the reproduction of mineral resources base of Russia in 2015-2019”, which reported on how many years remained in the country of oil and gas.

According to RBC, it says that proven reserves in developed fields, Russia’s oil will last for 35 years of mining, natural gas — more than 50 years.

The report also stated that tight oil is 65% of all stocks. Without her taking of oil will last for 20 years of production.

Growth of gas reserves below production, and growth of stocks of oil exceeds its production only slightly. At the same time, the potential discovery of large deposits in developed mining and oil and gas provinces are actually exhausted. The development of resources impede investment risks and difficulties in mining in remote regions of the country.

In March last year, the Ministry of natural resources estimated the oil reserves in Russia to 40 trillion rubles, and natural gas in 11 trillion rubles. According to authorities, the total value of all mineral and energy resources (oil, gas, gold, copper, iron ore, coal and lignite, diamonds) totaled 55,24 trillion rubles.

© 2020, paradox. All rights reserved.

paradox

Share
Published by
paradox

Recent Posts

Israel ready for temporary truce with Hamas – Netanyahu

Israel is willing to pause its military offensive in Gaza if Hamas releases all the…

7 hours ago

Some EU states still consider Russia ‘good friend’ – Borrell

The EU’s top diplomat, Josep Borrell, has admitted that not every member state agrees to…

16 hours ago

WATCH Russian forces destroy US-made armor

Russia’s Defense Ministry has published a video clip from the front line with Ukraine showing…

1 day ago

Trump considers pressuring NATO states to spend more on defense – media

Donald Trump is eyeing plans to push the NATO members to ramp up defense spending…

1 day ago

Trump pays fine for gag order violations

Former US President Donald Trump paid the $9,000 fine for violating a gag order imposed…

2 days ago

America’s top spy warns of ‘Russian military breakthrough’

Russian forces are steadily advancing in the Ukraine conflict, the US Director of National Intelligence,…

2 days ago