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Date: a week ago   Category: Finances

"The myth about fantastic wealth is destroyed". The Ministry of Natural Resources estimated reserves of oil and gas in Russia


All mineral and energy resources in the country, according to the estimates of the ministry, cost 55 billion rubles. Assessment of the Ministry of Natural Resources dispels the existing myth that Russia is fantastically rich raw country, experts of the Photo say: depositphotos.com of the Ministry of Natural Resources for the first time estimated the cost of all minerals in Russia, RBC reports. All reserves of oil for the end of 2017, according to the estimates of the ministry, cost nearly 40 trillion rubles, gas — 11.3 trillion. Still reserves of the coked coal are estimated at 2 trillion rubles, a little more than 800 billion are reserves of iron ore, approximately on one half-trillion it is the share of reserves of diamonds and gold. Thus, for the end of year before last a subsoil of Russia contained in a money equivalent stocks of all mineral and energy resources for 55 trillion rubles. What purpose of the publication of such data and why the Ministry of Natural Resources made it for the first time? About this Business FM asked the chief economist of PF Capital Evgeny Nadorshin: — This figure in scales of national economy has a certain value, it consists in definition of a national wealth: for example, for how many years there will be enough current explored reserves. At least, regarding oil in the last ten years, after the first failure in 2008, this subject was regularly brought up: nedoinvestirut in geological exploration, volume of the proved stocks falls, stocks which can be taken, are harder and harder taken, the cost of production will grow, so oil has to rise in price. This argument would not be adduced and not used often if it did not reach certain ears and did not make a certain impression. Till 2008 it very much helped the markets grow. Therefore to tell that these purposes have accurate applied tasks — for example, saw that stocks now not for 20 years, and for 19.5, right there began to do something — they have no such value, they rather general character which are indirectly influencing decision-making on development of new fields on making decisions on development, on an explanation why something is expensive or cheap. — The fact that the Ministry of Natural Resources for the first time counted these data attracts attention. — It can be connected with some simple bureaucratic processes. Just similar things both Rosstat, and BP regularly estimated them estimates, and not only. Just due to various reasons responsibility for their assessment was shifted to the Ministry of Natural Resources. Or perhaps they on own initiative made it. The figure of 55 trillion rubles sounded by the Ministry of Natural Resources dispels the myth about fantastic richness of Russia, the academician of the Russian Academy of Natural Sciences, the vice president of national fund "Strategic Resources of Russia" Vladimir Polevanov says. It is simple to consider that only 380 thousand rubles are the share of each resident of the country. But also this sum does not bring to Russians any benefit though practice of a natural rent in the world is — for example, in a number of Gulf States and also in the State of Alaska. There funds which accumulate super profits from oil production are created and equally distribute them between the population, Vladimir Polevanov tells: Vladimir Polevanov academician of the Russian Academy of Natural Sciences, vice president of national

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