Russia has enough oil to last 60 years – deputy PM

The country has an estimated 31 billion tons of recoverable reserves, according to Aleksandr Novak

Russia holds an estimated 31 billion tons of recoverable oil reserves – including proven deposits and volumes not yet ready for production – enough to last over 60 years at the current output rate, Deputy Prime Minister Aleksandr Novak has announced.

Novak made the estimate on Friday, during a working visit to the Sirius Federal Territory...