Russia’s discovered oil reserves stand at 17.8 bln tns - official

MOSCOW, September 29 /ITAR-TASS/. Russia’s discovered oil reserves stands at 17.8 billion tonnes, as calculated under the national reserves estimate system, President of the Union of Oil and Gas Producers of Russia Gennady Shmal told a press conference on Monday. He said that C2 reserves stand at 8 billion tonnes. In 2013, the reserves growth exceeded production by 688.34 million tonnes for oil and by 1 trillion cubic meters for gas. Learn more