Date: 2 months ago   Category: Energy

Ministry of Energy: the era of oil will last 50-70 more years — Rambler News Service


Photo: globallookpress.com/Nikolay Gyngazov of the Ministry of Energy of the Russian Federation expects preservation of a role of oil in world economy within the next 50-70 years. It during the National oil and gas forum was said by the Deputy Minister of Energy of the Russian Federation Pavel Sorokin. "The century of oil will last 50-70 more years. The share of oil will decrease, but it will be consumed all the same" — he noted. According to Sorokin, the cost of oil production will grow in Russia, but the industry has to develop even at the price of $50-60 for barrel. "It is not necessary to say that all was gone and to rush to alternative technologies", - emphasized with the deputy minister, having added that nevertheless it is necessary to be ready to the fact that once the oil industry will stop being the main source of replenishment of the budget of Russia.

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