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Russian oil reserves up to 25 years

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Attempts to open new large oil fields do not bring results. In 2024, 39 deposits were discovered, but their total stock was only 21 million tons.

Private oil reserves in Russia have remained 25 years of primary production. This was announced by the head of Rosnedr Oleg Kazanov at a meeting of the Duma State Commission of the Russian Federation on Energy.

“If we called a spade of a spade, we moved almost everything with reserves to subsoil users,” he said. “It doesn’t matter how we can stimulate the victim with existing deposits, early or they will end,” Kasanov added.

According to the agency, from a potential resource of 81.6 billion tons of 13.2 billion tons, that is, almost 16%. Almost all open deposits – 96% of subsoil funds – are already involved in development.

Attempts to open new large oil deposits do not provide results. In 2024, 39 deposits were found, but their total stock was only 21 million tons.

“These are laughs,” said oil and gas expert Mikhail Krutikin. According to him, in the current volume of 520 million tons per year of these reserves, Russia will be sufficient for about two weeks.

According to last year’s results, companies introduced 592 million tons of new oil to state -scale. However, this is a major assessment of old Soviet deposits and drilling in worn squares. The state has almost no new promising territory for exploration, the Associate Professor of Financial University under the Russian Federation government Valery Andrianov explained.

According to the energy strategy of the Russian Federation until 2050, without investing and new technologies, labor will begin to fall sharply. In the main scenario, it will decrease from the current 520 million tonnes per year to 477 million tons to 2036 and 287 million tons to 2050. Exports need to be reduced by three times – from 234 to 79 million tons.

In the “stress scenarios”, considering the strengthening of penalties and denial of the world from hydrocarbons, by 2050, production can fall to 171 million tons per year, and nothing will remain exported.

“The reduction in oil reserves may be in the near future to place the country’s leadership with a difficult option: either observing how to fall budget oil revenues, or to support oil workers by reducing taxes – to hit the budget again,” Kruutikin warned.

Meanwhile, the growth rate of global oil demand in this and in the next few years will be twice as low as the level of 2023, IEA predicts.

Keep in mind that oil supplies from Russia have reached the minimum level since February, as refinery processing has increased faster than labor, which is reflected in export volumes.

Russian Federation’s exporting oil reaches a five -a minimum -mea

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Source: korrespondent

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