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Natural Resources Ministry Expects Growth in Oil, Gas, Gold Reserves in Russia

Sputnik International

Minister Sergei Donskoi said that Russia's Natural Resources and Environment Ministry expects the country's oil, gas and gold reserves to grow in 2016. 28.12.2016, Sputnik International

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Natural Resources Ministry Expects Growth in Oil, Gas, Gold Reserves in Russia

12:03 GMT 28.12.2016 (Updated: 14:18 GMT 15.11.2022)

A worker checks the valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016 - Sputnik International

Minister Sergei Donskoi said that Russia's Natural Resources and Environment Ministry expects the country's oil, gas and gold reserves to grow in 2016.

A Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014 - Sputnik International

Increased Non-Oil Budget Revenues in Russia Offset Oil, Gas Losses - Minister

23 December 2016, 15:13 GMT

MOSCOW (Sputnik) – Russia's Natural Resources and Environment Ministry expects the country's oil, gas and gold reserves to grow in 2016, Minister Sergei Donskoi said Wednesday.

"I would like to emphasize… that at the moment we register already 575 million tonnes of growth of [oil] reserves [in 2016]," Donskoi said at a meeting with Russian President Vladimir Putin.

He added that Russia's gas reserves in 2016 would grow by 701 billion cubic meters with production standing at 572 billion cubic meters.

"Regarding gold, [the growth] is 1,194 tonnes with production at 293 tonnes [in 2016]," Donskoi also said.