© Sergei Karpukhin / Reuters
RT: Russia may be running out of oil
Oil production in Russia will inevitably decline by 2035 according to an Energy Ministry report seen by the Vedomosti business daily. The different scenarios predict an output drop from 1.2 percent up to 46 percent two decades from now.
The document, obtained by the newspaper and confirmed by a source in the ministry, says by 2035 existing oil fields will be able to provide Russia with less than half of today’s production of about 10.1 million barrels per day.
The shortfall should be met by increased production from proven reserves, according to projections by the Energy Ministry.
Read more ....
WNU Editor: I would have to say no.
No comments:
Post a Comment