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Mass media / Periodicals

The Agency has estimated the proportion of profitable oil reserves in Russia

"Oil of Russia" 03.10.2019 at 13:52

The Agency has completed an inventory of oil fields in Russia, the share of profitable oil reserves is 67%, said in a speech at the forum "Russian energy week" the Deputy head of Rosnedr Orest Kasparov.

According to him, by December, the Agency will present the results of the inventory to the Ministry of Finance, the Ministry of energy and Ministry of natural resources.

"Inventory we finished yesterday... the Result we should submit to the Ministry of Finance and the Ministry of energy, Ministry of natural resources by December this year," said Kasparov.

It is noted that the inventory showed that cost-effective in Russia are 67% of recoverable reserves of oil, or 11.5 billion tons.

"On the basis of the inventory received results as 11.5 billion tons, or 67% of the technologically recoverable reserves are a cost-effective," said Kasparov.

In September last year, Russian Deputy Prime Minister Dmitry Kozak said that the inventory will establish different approaches to taxation in different oil fields. However, he noted that the work on the inventory should be completed by spring 2019.

Source: RNS