November 19, 2024

In a quarter of a century the investments in oil production in Russia will grow 1.8 times to the levels of 2023, reaching 4.5 trillion Rubles. The Vedomosti newspaper writes about this with reference to the data from the Ministry of Energy for the energy strategy draft until 2050.

As follows from the document, the main growth of planned capital investments in the industry will be in the current and next years - in 2025 the figure will reach 3.8 trillion Rubles, which is one and a half times more than last year. In the future, investments will increase more smoothly and will reach 4.5 trillion Rubles by 2050.

According to the assessment of the ministry, the situation requires the involvement of unprofitable resources and an increase in the scope of geological exploration activities, as a result of which, by the specified time, 23 % of all oil production in the country should come from the volumes obtained by increasing the gas recovery coefficient at the existing gas fields, and 16 % - at those gas fields and deposits discovered due to completion of geological exploration work.

They also note in the materials that the demand for energy resources in the world will grow "at least until 2035," and to increase oil production in accordance with demand dynamics, investments in the world should increase from 300 billion per year in 2022 to 500 billion by 2050.

 

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