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Russia’s oil reserves go up 2.7%

February 03, 2014, 16:19 UTC+3 MOSCOW
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MOSCOW, February 03. /ITAR-TASS/. Russia’s oil reserves went up 2.7% and gas reserves grew 10.2% in 2013, Russia’s federal subsoil use agency said on Monday.

Recoverable ABC1+C2 oil reserves have reached 700 million tons, extractable gas reserves - 930 billion cubic meters, the agency reported.

This indicator amounted to 681 million tons of oil and 816 billion cubic meters of gas in 2012.

According to preliminary reports of Russia’s subsoil use agency, extraction of liquid hydrocarbons (oil and gas condensate) has made 523 million tons, gas - 630 billion cubic meters in 2013. In 2012 oil output in Russia has reached 518 million tons, gas - 655 billion cubic meters in 2012.

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