Bank Of Baku

Hydrocarbon reserves of the Russian Federation exceeds the production

Hydrocarbon reserves of the Russian Federation exceeds the production
# 29 December 2011 12:46 (UTC +04:00)
Baku - APA-Economics. As a results of exploration in 2011, hydrocarbon reserves of the Russian Federation increased by 600 million tons, gas - 900 billion cubic meters, far exceeding the volume of production, the Minister of Natural Resources and Ecology Yuri Trutnev said.

“Today we can say that the amount of proven reserves of hydrocarbons will be at least 600 million tons, gas - at least 900 billion cubic meters, so we have in any case much more put on the balance of stocks that’ll get oil and gas”, said Trutnev.

“Oil production in Russia in 2011 will amount to 510 million tons, gas - 667 billion cubic meters”, he added.
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