Head of the Accounts Chamber of Russia Alexey Kudrin called on to abandon oil and gas money as the main budget income. According to him, now the budget for a third consists of similar income, but in perspective 10-15 years from such a scheme it is necessary to refuse. About the offer of economist reports RIA Novosti.
“in general, the Russian oil industry lives about 60 years, and we have left 10-15 years old, if you do not completely abandon it, then start a smooth transition from the use of this source,” the head of the Accounts Chamber commented. Kudrin added that by 2050, the use of hydrocarbon sources in the world will fall twice and for Russia it will be a challenge.
Earlier in October, the Russian Ministry of Finance made a catastrophic decline in world demand for oil in the long term, if Western countries sign an agreement on decarbonization. According to the department, in this case, the cost of oil will determine the operational costs of its production, which is why the demand for this type of fuel by 2050 may amount to 17-24 percent of the 2019 level, and the prices will fall up to $ 25 per barrel. . This will mean a fall in four to six times. In the medium term, according to the estimates of the Ministry of Finance, prices will be established in the range from 55 to 60 dollars per barrel.
Earlier, the ministry submitted to the Government of the budget for 2022, according to which the country returns to the post-Soviet maximum of oil production. Russian companies will increase total oil production and gas condensate by 8 percent to 559.9 million tons.