US declaration on UN reform is not organization’s document - LavrovRussian Politics & Diplomacy September 24, 13:34
US not to strike on DPRK as it is aware Pyongyang has nuclear weapon - LavrovRussian Politics & Diplomacy September 24, 13:32
US forces assist Syrian opposition force in crossing IS positionsRussian Politics & Diplomacy September 24, 12:55
Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
NOVOSIBIRSK, June 9. /TASS/. Russia has not more than 25-30 years to establish oil production in the Arctic region, which would allow the country to ensure its economic development during the whole 21st century, Alexey Kontorovich, Research Manager of the Institute of Geology, Oil and Gas of Russia’s Academy of Sciences said.
Speaking at the 4th International forum of technological development Technoprom he said:
"Our land resources and reserves allow us to start operation (in the Arctic region - TASS) by the middle of the 21st century. We have 25-30 years."
Kontorovich said that in the 2040s the European part of Russia will see a steady decline in oil production. Western Siberia will maintain production longer but it won’t be enough to meet the country’s economic needs. In its turn the development of Arctic fields will enable Russia to ensure sustainable economic development during the whole 21st century.