Russia estimates the current deficiency in the oil market in one million barrels per day. This was told by Vice Prime Minister Alexander Novak, writes TASS.
He also added that the recommendations of the International Energy Agency (MEA) on the termination of investments in oil and gas are not calculated and carrying a populist nature. “Even with an energy transmission, the next decade, hydrocarbons will occupy the dominant position in the energy balance, will ensure the safety of peace and the need even in the same electricity,” Novak noted.
Vice Prime Minister said that OPEC countries + see the possibility of returning Iranian oil to the world market. The Republic, which is now under US sanctions, may return to the mining levels of deliveries in a few months (four million barrels per day).
Earlier, the Russian billionaire Oleg Deripaska declared the imminent completion of the era of oil and gas.
The industry will reinstate themselves, he is sure. “It’s good that the key organizations stop playing non-scribe and begin to openly say that the world is changing. Now it remains for small – to create real mechanisms that will not allow individual countries to further coffin the planet, demonstratively violating international norms,” wrote Deripaska.