MOSCOW, Dec. 11 (UPI) — Russia must increase investment in oil and gas exploration and production, and save its energy resources, say German scientists.
“At the current level of production, (Russia’s) reserves will have been used up in around 22 years,” says a report by the Berlin-based German Institute for Economic Research (DIW) released Dec. 4.
Oil and Gas Reserves Shrinking
Monday, April 9, 2007. Issue 3632. Page 6. Oil and Gas Reserves Shrinking. Reuters. The country’s oil reserves shrank by 7.3 billion barrels from 1994 to …
www.themoscowtimes.com/stories/2007/04/09/041.html –
EU facing uncertainty over Russian energy supplies, study says
Europe faces uncertainty over future energy supplies from Russia, with Russian oil and gas reserves likely to run out if Moscow does not invest more in the sector and boost energy efficiency at home, a fresh study has warned.
A report by the Berlin-based German Institute for Economic Research (DIW) released on Tuesday (4 December) questions Moscow’s ability to keep up with growing world demand for oil and gas.
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