Russia Can Feel the Lack of Oil in The Nearest 40 years

Only traditional oil deposits are considered.

17.Jun.15 2:39 PM
By Svetlana Siuhina
Photo Toinnov.com

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Russia Can Feel the Lack of Oil in The Nearest 40 years

Russian Minister of Natural Resources Segrey Donskoy shared his forecast regarding oil future fir Russia. In his last interview Minister said that there is little oil remaining in traditional deposits. In case mining methods and rates are still the same, Russia will be left without oil within nearest 30-40 years.

However, further supplement of the country with this natural resource will mainly depend on technologies which are developing all the time. There is a high possibility of processing and exploring oil deposits which are located in the Western part of Siberia, Arctic Shelf and other alternative sources which can be found on the territory of Russian Federation.

There are some positive tendencies for future. At the same time Minister of Natural Resources said that some available deposits are not used in order not to decrease oil prices on international market. Other deposits are difficult for mining due rock strength. Such sources are not processed due to low profitability and high taxes.

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