Putin: 'We won't mess'

We all know that Russia, at least in the Kremlin, is not a big fan of luxury travel, better known as crude oil. We think Vladimir Putin might be jealous.

He is not.

"We will never be surprised," he said. "We do not need to raise the shale oil. First of all, the world does not have to increase the supply of oil to the market, and we have enough oil from the Art Gallery," 

Putin answers questions from French oil company Total SA during Russia's Call on Wednesday! the Moscow alliance, an investment forum established by VTB Capital, is now in its sixties.

The problem with Putin's claim is that the largest natural gas company is not in a state of oppression.

State-owned news agency Sputnik News reported in 2016 that Gazprom had developed a strong sense of urgency following a ban on technology purchases from the United States. as a result of sanctions related to Ukraine.

Gazprom Neft, one of the country's largest oil producers, under the state-owned Gazprom family, completed its first drill three years ago in the Bazhenov Basin in West Siberia, somewhat closer to Moscow than to the Pacific Ocean. It includes the Kara Sea, a body of water where Exxon has previously invested $ 720 million in hydrocarbons and Rosneft oil generators. The agreement was canceled due to sanctions from the Obama Administration.

In the period when Gazprom Neft was successful, Russian media said they did not need American technology. perform drill for oil and shale oil.

Putin has always been a significant contributor, and RT news agencies regularly report on the nature of water, earthquakes, and contaminated water as a result of the riots.

The International Energy Agency said Bazhenov is the world's largest source of shale oil and oil in the world, though most did not. Gazprom Neft expects to begin commercial production of Bazhenov construction by 2025. They have about 30 sites in Russia, the company said.

Of course, the softening of oil and gas is not the backbone of Russian hydrocarbon. But it is something that Gazprom Neft is seeking, whether Putin knows it or not (maybe it is).

Putin was questioned by a hotel room about recent uncertainties in Europe in search of a fuel that combats climate change. Russia is a leading exporter of gas in Europe.

He said that the wind and solar cycle are slowly returning to the "rock age" unless they are replaced by nuclear energy. Germany banned nuclear power following the 2011 Fukushima Daiichi nuclear disaster in Japan.

"We are seeing a decline in natural gas demand in Europe as the economy is declining," said Putin, sitting on the platform with a few executives and investors from Italy, China and the U.S. "But China is growing. India is growing. They may not grow as fast as they used to, but they are still growing and needing oil and gas for a while," Putin said.

Russia has signed the Paris Agreement and the Kyoto Protocol, a country-wide agreement to reduce carbon dioxide emissions in space. Russia reduced its oil reserves by almost 25% between 1990 and 2017, according to an EU study in 2018. The decline is largely due to countries facing crisis three economies in the meantime. By comparison, the U.S. saw a 0.4% rise in CO2 emissions during that time, as China and India both swam as their economy, which is dominated by coal, was rapidly developing.

Putin said the state would not use the funds from the National Wealth Fund to invest in oil and gas, and use it for non-profit projects, such as investments in technology. as high as artificial intelligence.