The energy Ministry has argued with Gref about the timing of the exhaustion of oil and gas reserves

Existing oil and gas reserves Russia will be enough for at least another 40-50 years, told reporters, Deputy Minister of energy Kirill Molodtsov, commenting on the words of the head of Sberbank German Gref about the imminent exhaustion of reserves of hydrocarbons.

“We have hydrocarbons at least 40-50 years,” said Molodtsov at the St. Petersburg international gas forum (quoted by TASS).

On Monday in the program “Posner” German Gref said that the Russian economy should be prepared for the end of the “century of oil and gas reserves that can be exhausted after six decades.

“We are talking about when we have this monoproduct can end. In my opinion, this is about 2028-2032 years, when, in my opinion — not a fact I’m right — all the feelings, all the trends that we see today will not be a repeat of this supershareware cycle. Need to prepare for it,” said Gref.

In the spring of 2016, the Minister of natural resources Sergey Donskoy said that the proven oil reserves of Russia, even while maintaining high production volumes will last until 2044. At the same time, he warned that in recent years the total volume of reserves increases, the share of tight oil production, and therefore it is necessary to intensify the search for and exploration of new deposits

“Without new discoveries the extraction of conventional reserves will start declining from 2020. Will increase the share of tight oil, will seriously deteriorate the project Economics,” said don.