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Russia’s oil production will reach 540 million tons by 2030 and remain at the same level in 2050 – Business & Economy
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Russia’s oil production will reach 540 million tons by 2030 and remain at the same level in 2050 – Business & Economy

MOSCOW, 9 November. /TASS/. According to the revised energy strategy to 2050 obtained by TASS, Russia’s oil production could rise from 531 million tonnes in 2023 to 540 million tonnes in 2030, planned five years earlier, and remain at this level until 2050. Russian government.

The draft strategy, which was initially seen by TASS, suggested that Russia would reach 540 million tons of production by 2036, according to the targeted scenario. The draft document also includes only two scenarios for the development of the country’s fuel and energy sector, one targeted scenario and the other an inertia scenario, while the revised version of the document adds two more scenarios; a stress scenario and ‘technical potential’.

According to the document, the stress scenario indicates a serious decrease in production figures in the fuel and energy sectors due to the contraction of export opportunities and the general deterioration of external conditions. In particular, according to the stress scenario, Russia’s oil exports may fall to zero by 2050. The ‘technical potential’ scenario, on the other hand, includes the highest possible performance levels, subject to the current and projected technical level of the fuel and energy sectors, but not without infrastructure constraints. economic profitability and reasonableness of potential actions are not taken into account.

The targeted scenario predicts that oil exports will increase slightly compared to 2023, from 234 million tons to 235 million tons by 2030, and will remain at the same level until 2050. Oil supply to the domestic market will increase from 297 million tons in 2023 to 305 million tons. tonnes in the period from 2030 to 2050.

Total oil refining could reach 283 million tonnes in 2030-2050, compared to 275 million tonnes in 2023. Exports of petroleum products could reach 141 million tonnes in 2030-2036 and 146 million tonnes in 2050, compared to 132 million tonnes in 2023.