Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Russia has 31 billion tons of recoverable oil, enough for 62 years at current rates, with new discoveries boosting reserves.

flag Deputy Prime Minister Aleksandr Novak said Russia has enough recoverable oil reserves to last 62 years at current production rates, with 31 billion tons identified, ranking it fourth globally behind Saudi Arabia, Iran, and Iraq. flag He emphasized that new reserves are added annually through exploration and drilling, reducing the risk of shortage. flag Oil remains a key energy source, making up 30% of global use, with strong demand expected in transportation and petrochemicals. flag Despite Western sanctions, Russia’s oil sector stays stable, producing about 10% of global crude. flag A major new discovery in the region added 55 million tons to geological reserves, the largest in three decades.

9 Articles