Igor Sechin stated that Russia is twice as rich as the United States in terms of resource reserves.
The head of Rosneft said that the total value of Russia’s natural resources is estimated at $100 trillion (10.5 quadrillion rubles).
The top manager spoke on this topic during the Verona Eurasian Economic Forum in the UAE, TASS reports.
Sechin noted that in recent years the Arctic has begun to play an important role in the development of domestic resource potential.
The head of Rosneft stated that today this region is rightfully considered a “storehouse of energy resources” for the Russian Federation and other countries of the world.
The Russian part of the Arctic accounts for 80% of all Arctic oil and gas reserves.
The region’s enormous potential was appreciated not only in the Russian Federation, but also in other countries.
At the same time, Sechin emphasized that the Arctic must be free from conflicts and foreign interference, since the energy security of Eurasia depends on the success of mineral extraction here.
According to the head of Rosneft, the Russian Federation has resources worth $100 trillion, which allows the country to guarantee the fulfillment of all obligations under raw materials agreements in the long term.
According to Sechin, the US resource reserves are estimated at $50 trillion.
Author: Dmitry Bobrov
