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Mass media / Periodicals

The cost of oil production in Russia for ten doubled

"Oil of Russia" 03.10.2019 at 13:53

In Russia the cost of oil production increased in the period 2008-2018 2.3 times – up to 3 thousand rubles per ton, according to the presentation of the Ministry of energy for the performance of the Deputy head of the Ministry Pavel Sorokin on the forum "Russian energy week".

According to the Ministry, in 2008 the cost of oil production was 1.3 thousand rubles per ton, in 2017, they amounted to 2.9 thousand rubles per ton, in 2018 – 3 thousand roubles for ton.

In a speech Sorokin noted that when you save the current configuration of the tax system, oil production in Russia may decrease.

According to the presentation, oil production (including gas condensate) can be reduced to 552 million tonnes in 2024, 535,9 mln tons in 2025, 448,6 million tons in 2030 and 339,1 million tons in 2035.

According to CDU TEK, in 2018 oil production in Russia increased by 1.6% compared with the indicator in 2017 and built 555,838 million tons.

Source: RNS