Rising complexity in oil and gas extraction as earlier accessible reserves are depleted, leading to higher costs for remaining r
31 Dec 2025, 23:31
Rising complexity in oil and gas extraction as earlier accessible reserves are depleted, leading to higher costs for remaining resources in challenging deposits. Authorities anticipate a prolonged decline in oil and gas revenue levels. Siluanov projected that the share of oil and gas in Russia’s budget revenues will reach 22% by 2026, according to Russia-24.