Russia reveals the features of its strategy in producing and exporting oil until 2050

The long -term new energy strategy in Russia indicates a slight change in production and over the next 25 years, according to a document published on Monday.
Russia aims to produce 540 million tons, equivalent to about 10.84 million barrels per day by the end of the current decade, with the same rate continues by the middle of the current century, which is slightly more than production levels in 2023.

Production and export of Russian oil

The document also expects stability, and the Bloomberg News Agency reported that modest expectations reflect the possibilities of confronting a more severe competition by the major fossil fuel producers, and the decline in global demand after 2035.

The strategy also indicates a gradual exhaustion of high -quality energy reserves in Russia, and the increasing proportion of the most expensive and most difficult resources to extract them.

Global crude oil production

Russia, which represents about 10% of global crude oil production, has significant market influence, it is a major resource for India and China, and a key member of the OPEC Plus Gathering for Oil Exporting Countries.
But the decline in its exports can reduce this influence. At the same time, any long -term slowdown for production and oil exports will prohibit important revenues, which directly affects the government’s ability to fulfill its financial obligations.