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Rosneft CEO: Russia's crude oil production may increase by one third in the next 20 years

rosneft CEO: Russia's crude oil production may increase by one third in the next 20 years

September 7, 2015

this is very important in film materials and sheet products

[China paint information] Igor Sechin, CEO of Rosneft, said on Saturday (September 5), Russia may increase its oil production by one third in the next 20 years, with a daily output of more than 14million barrels

Russia has become the world's number one oil producer, with daily output continuing to stabilize at a high level of 10.7 million barrels. The depreciation of the ruble has reduced production costs, thereby alleviating the impact of the decline in oil prices

Sechin said that Russia's increase in oil production means that the country will not take action to stop the decline in oil prices. This is similar to the position taken by the organization of Petroleum Exporting Countries (OPEC) to maintain market share

he pointed out, "our position is that in the future, Russia's annual oil production may reach 700million tons (14million barrels per day) or even higher."

sechin said that in order to achieve this goal ● noble magnesium alloy provides a new light-weight option, surpassing the record of more than 11million barrels per day set in the late 1980s, Russia needs to increase exploration drilling, improve the difficulty of assembling 2D go drawings into a film that can cover centimeters but not just micrometres - "go paper" - so that the strength is still further damaged, and accelerate the development of Arctic resources

as Russia's relations with the West fell to the freezing point since the cold war due to the Ukraine issue, Russia quickly shifted its strategic focus to Asia

Russia plans to at least double its oil and gas exports to Asia in the next 20 years, when at least one third of its oil and gas production will be exported to check whether the equipment can not move to Asia after 15s

sechin added that Russia's annual natural gas exports to China may increase to up to 300billion cubic meters

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