The Agency has estimated oil reserves
The Federal Agency for subsoil use was predicted oil production growth in Russia in the coming 5 years. According to the Department, the increase will take place at the level of 550 million tons.

The Federal Agency for subsoil use was predicted oil production growth in Russia in the coming 5 years. According to the Department, the increase will take place at the level of 550 million tons.
Even in an unstable world oil demand Russia does not intend to freeze personal energy projects and to cease production of black gold. In this regard, the Federal Agency for subsoil use (Rosnedra) assessed the growth of oil reserves in Russia.
The head of the Department Valery Pak told that the increase in oil production will be made without taking into account the effect of changes in energy tariffs. "We expect growth stocks regardless of price instability will be at the level of 550 million tonnes over the next 5 years," he was quoted by RIA Novosti. More precise data on the increase of oil reserves over the next 5 years in the country out in the spring of 2015.
Valery Pak believes that the growth of hydrocarbon reserves in 2014 will be no less than a year ago. It is likely that the level of growth will be even higher, but nicotinamine that generally means the stability of the situation that has formed in this area, he said.
According to data of the Agency, the total increase in localized hydrocarbon resources in Russia amounted to 7.3 billion tons of fuel according to the results made in 2013 exploration. Of these 2.4 billion tonnes was oil.
The Ministry said that exploration for oil and gas in 2013 was carried out in all oil and gas provinces of Russia. In addition, there were used the waters of the Arctic and far East seas. The work was carried out on 145 sites, 47 of them were finished.