Russia’s crude oil and condensate production could rise to more than 12 million bpd by 2035, if global demand for liquid hydrocarbons continues to grow, Russia’s second-largest oil producer, Lukoil, said in a new forecast. In the report ‘Major Trends in the Global Liquid Hydrocarbon Market to 2035,’ Lukoil has modeled three different scenarios for Russia’s opportunities and challenges in oil production in the long term. The ‘Equal Opportunities’ scenario considers that global oil and gas demand will rise and Russia can maintain an annual production level of above 600 million tons—or over 12 million bpd—for a long time, Lukoil said.
Hence then, the article about russia s crude oil output could surpass 12 million bpd by 2035 was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Russia’s crude oil output could surpass 12 million bpd by 2035 )