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Expert: Russian oil reserves might be exhausted in 22 years


02.10.2012 16:48

MINSK, 2 October (BelTA) – Russian oil reserves might be exhausted in 22 years, expert of the Research Institute for Small-Capacity Chemical Products and Chemical Reactants of the Ufa State Oil Technical University Farhad Vildanov said at the 26th international research conference “Chemical reactants, reagents and the process of small-capacity chemistry “Reactive 2012” on 2 October, BelTA has learnt.

The expert confirmed the pessimistic scenario that had been voiced earlier by the German Institute for Economic Research. “I think we cannot rely solely on optimistic projections of Russian experts believing that oil will last for 150 years. We need to switch to new energy sources. We should come up with efficient technologies for the renewable energy sector. The products will be more expensive, but they will be available, while oil might be over any moment,” Farhad Vildanov said.

The 26th international research conference “Chemical reactants, reagents and the process of small-capacity chemistry “Reactive 2012” is held in Minsk on 2-4 October. Taking part in the forum are leading scientists and specialists from Belarus, Russia, Ukraine, the United States, South Korea, Armenia, Kazakhstan, Vietnam, Saudi Arabia and China.

The goal of the conference is to study the latest achievements in the field of new chemical products and innovative technologies in small-capacity chemistry. The scientific program of the forum includes the study of fundamental and applied aspects of creating science-intensive chemical materials and products.

Participants of the forum discuss the use of new chemical products and reactants in the production and modification of materials, chemical products from waste products of large-capacity chemical plants and natural resources; processes, technologies and environmental issues of small-capacity chemical production.
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