US EditionThe Republic of Tatarstan Has Enough Oil Reserves to Last for 200 Years
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The Republic of Tatarstan Has Enough Oil Reserves to Last for 200 Years
Today, a one-percentage-point increase in the oil recovery factor could expand the recoverable reserves of Public Joint Stock Company Tatneft by an amount equivalent to the discovery of a major new oil field. Following the lifting of production restrictions under the OPEC+ agreement, Tatneft is positioned to significantly increase oil output compared to the 27.8 million metric tons it produced in 2024. Over the past year, the company discovered …
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