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Russia has 31 billion tons of recoverable oil, enough for 62 years at current rates, with new discoveries boosting reserves.
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.
He emphasized that ongoing exploration and drilling continuously add to reserves, reducing the risk of shortage.
Oil remains vital to the global energy mix, supplying 30% of energy needs, with strong demand expected in transportation and petrochemicals.
Despite Western sanctions, Russia’s oil sector stays stable, producing about 10% of global crude.
A major new discovery in the region added 55 million tons in geological reserves, the largest in three decades.
Rusia tiene 31 billones de toneladas de petróleo recuperable, suficiente para 62 años a las tasas actuales, con nuevos descubrimientos que aumentan las reservas.