Easily accessible oil and natural gas reserves in Russia have been exhausted 14:11

Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation, said that many oil and gas fields in Russia are now exhausted. His words guide the way TASS.

“Many of the easily recoverable reserves are currently under development,” a representative from the Department of Energy said.

Sorokin noted that in the medium term, resource rent in Russia (money received through the sale of national resources) will decrease due to rising raw material costs and difficulties in the development of new deposits. As a result, he stated that the sector will need additional tax incentives.

Sorokin concluded that in these realities, it is important to create in advance the prerequisites for the development of depleted deposits in traditional production regions such as the Khanty-Mansi Autonomous Okrug, the central part of the country and Eastern Siberia.

On the eve of “socialbites.ca” saidHow oil prices will change depending on the situation in the Middle East and how beneficial this will be for Russia.

Europe before criticized Because of inconsistent energy policy.

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Source: Gazeta

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