Oil production in the Russian Federation will continue to grow until 2019 Nevainfo

But in 2019, Russia will complete the possibilities for increasing oil.

the Ministry of financial development (MED) has predicted that in 2019, the year the Russian Federation will be unable to build oil. The reason for the end of the growth — depletion of financial reserves, cost-effective in the regions (Western Siberia, the Urals and the Volga region), harsh natural conditions and poor infrastructure in new areas of production.

as for gas production, it will increase throughout all 4 years: 0.7% in 2015 and by 0.4% next year, 1.2% in 2018, and 0.6% in 2019. In addition, the Russian Federation lacks the competence to implement complex projects, including offshore, which appeared on the background of restrictions on imports of equipment and technologies for the implementation of such projects because of the sanctions.

gas production associated with the transition to at least stranded and in at least challenging geological conditions of the Deposit, noted in the MAYOR. According to experts, this is due not only to the state of the world economy and geopolitical situation.

What you need to do to rectify the situation and to raise the competitiveness? In addition, it is necessary to create a favorable tax environment for the branch.