The U.S. Energy Information Agency estimates the total reserves of shale oil at 375 billion barrels, of which Russia accounts for 75 billion, the U.S. 58 billion and China 32 billion. Source: Reuters |
The EIA estimates the total reserves of shale oil at 375 billion barrels, of which Russia accounts for 75 billion, the U.S. 58 billion and China 32 billion.
U.S. experts believe that nearly all Russia's shale oil resources are contained in the oil-bearing deposits of the Bazhenov play in Western Siberia, pointing out that they are hard to reach: The amount of recoverable reserves represent only a fraction (6 percent) of the total (1.24 trillion barrels), even ignoring the economic feasibility of producing them."
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