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Capital investment in east Siberia oil fields, exports to total $1 trillion through 2035

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Russia's oil, gas reserves to suffice for deliveries to Asia-Pacific and Europe

MOSCOW, June 16. /ITAR-TASS/. Capital investment in oil fields in Eastern Siberia and an expansion of oil exports eastwards will make up $1 trillion for the period through 2035, Russia’s Deputy Prime Minister Arkady Dvorkovich told the World Petroleum Congress on Monday.

“First of all, oil production and oil deliveries will be growing in the eastern region of the country. The share of eastern direction in the total amount of exports of oil and petroleum products will grow from 12% to 23%,” Dvorkovich said. “The forecasted growth in capital investment and investment until 2035 will make up more than $1 trillion,” the deputy prime minister added.

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