Russia Has 25 Years of Confirmed Oil Reserves

espreso.tv

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The Foreign Intelligence Service of Ukraine informs about this.” Russia has about 13.2 billion tons of profitable proven oil reserves — volumes that would last for about 25 years at the current rate of production. At the same time, 96% of the subsoil fund has already been distributed, which indicates the almost complete use of available deposits,” the statement said.One-time rights for hydrocarbon extraction of the Russian Federation amounted to…

Ukrinform (UA)

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Russia has profitable, confirmed oil reserves for 25 years of production. — Ukrinform.

Bani.md

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Russia’s economic model, based on exporting oil in exchange for technology and consumer goods, is coming to an end. According to Rosnedra head Oleg Kazanov, the country’s profitable oil reserves would last about 25 years of extraction at current levels. Of the total resource potential estimated by the Environment Ministry at 81.6 billion tons, only 13.2 billion tons (about 16%) can be considered profitable. In addition, almost all of the identif…