Russia's 13.2 billion tonne proven oil reserve signals two decades of continued supply

Ukraine's Foreign Intelligence Service reported the information.

"Russia has about 13.2 billion tonnes of economically recoverable proven oil reserves — volumes that, at current production rates, will last roughly 25 years. At the same time, 96% of the subsoil fund has already been allocated, which indicates an almost complete use of available fields," the statement says.

One-off rights to extract hydrocarbons in the Russian Federation amounted to $50 million as a result of the 2024 auctions. It was emphasized that this is half as much as the revenues from placer gold mining — a less significant sector.

"This signals a decline in investor interest in the oil and gas sector. Over the next 10–15 years the potential for further exploration of existing fields will be exhausted. At the same time, limited financing and a lack of technology to develop hard-to-reach, geologically complex, and remote regions undermine the energy and economic security of the Russian Federation," the intelligence service adds.

• Despite demands from U.S. President Donald Trump and his 50% tariffs, India has stated its intention to continue purchasing Russian oil.