The head of Russia’s Federal Agency for Natural Resources (Rosnedra), Oleg Kazakov, announced that Russia currently has 490 million tons of crude oil classified as industrial-grade reserves and ready for extraction.
According to preliminary estimates, Russia’s oil and gas reserves are expected to continue growing through 2025. In an interview with RIA Novosti, Kazakov explained that although some sites are still being studied, early data shows a significant increase in reserves.
He stated that Russia has added around 666 million tons of oil reserves, with 490 million tons falling under the ABC1 category, meaning they are fully prepared for immediate development and production.
Kazakov also highlighted growth in natural gas reserves. Initial estimates show an increase of about 679 billion cubic meters of gas, with 650 billion cubic meters ready for extraction.
He emphasized that these reserves are technically prepared for development, strengthening Russia’s long-term energy production capacity.
, Oleg Kazakov, announced that Russia currently has 49...){kind=link}