Alexander Novak announced a forecast on oil demand
Oil
consumption in the global market will grow until at least 2040, said Deputy
Prime Minister of Russia Alexander Novak during the plenary session "Leadership
and Sustainability of the Russian Energy Sector". It was held at the
RUSSIA EXPO during the National Achievements Forum: Energy.
"According to expert forecasts, oil consumption will continue to grow for a long time - at least until 2040. The growth rate will be about 14%, which is the additional demand of about 1 million barrels a day per year. Overall, over the fifteen-year period, the additional demand will be about 700 million tons. These are huge indicators, which are very important for our industry," said Alexander Novak.
Now Russia produces about 10% of oil in the world, said the Deputy Prime Minister. About two thousand oilfields are being developed in the country, and the oil industry accounts for about 15% of Russia's gross domestic product. Oil brings an average of 7 trillion rubles a year to the Russian budget, concluded Alexander Novak.
The public talk "How to build a reliable long-term partnership" as part of the educational program of the II All-Russian Wedding Festival was held at the National Centre RUSSIA.
On the third day of the All-Russian Wedding Festival, a large-scale cultural and educational programme unfolded at the National Centre RUSSIA.
The Department Store stand became a significant part of the international industrial exposition INNOPROM 2025.
