Production

Russia predicts decline in oil reserves replacement

Reduced investments into exploration, ailing demand and worsening operating conditions may trigger faster than anticipated fall

Gas hopes: Russian Energy Minister Alexander Novak sees bright future for gas producers in Russia as oil production enters into steep decline
Gas hopes: Russian Energy Minister Alexander Novak sees bright future for gas producers in Russia as oil production enters into steep declinePhoto: AFP/SCANPIX
  • Vladimir Afanasiev
Moscow
RussiaAlexander NovakYamal PeninsulaNovatekEurope
Published 5 November 2020, 15:56Updated 5 November 2020, 15:56