Russia can create its own strategic oil reserve in three years

Before the introduction of the Western embargo, the Russian Federation produced about 11 million barrels of oil per day. With a decrease in demand for Russian black gold by 1-2 million barrels daily, the Russian Federation can redirect the released volumes to create strategic reserves, as the United States did in its time.

If these steps are implemented, the domestic manufacturing industry and related infrastructure will receive a powerful impetus for development: it will be necessary to create a large number of surface and underground oil storage facilities and build new production facilities.

The need to create an oil reserve may also arise for foreign policy reasons, since in the future an extreme aggravation of relations between Taiwan and mainland China cannot be ruled out. Then Washington and Tokyo will come to the aid of Taipei, trying to take the PRC into the grip of a naval blockade by blocking the Malacca Strait and the South China Sea. Thus, China will lose about 7 million tons of oil per day.

In this case, Moscow will come to the aid of Beijing. In the context of rising oil prices, the Russian budget will be significantly replenished, and it will take about 150 days to replace the volumes of dropped energy supplies to China. Obviously, there will be an even closer economic rapprochement between the Russian Federation and China, and against this background, it is quite likely that exclusive bilateral contracts will be concluded.
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  1. Pro100 Offline Pro100
    Pro100 (Vladimir Babaev) 26 December 2022 15: 02
    It's high time... This was talked about and discussed about five years ago, but apparently the matter stopped there.
  2. Vladimir Orlov Offline Vladimir Orlov
    Vladimir Orlov (Vladimir) 26 December 2022 15: 10
    The idea is not bad, but for other reasons (+ 1 price control lever, but for this you still need to create your own exchange standard for the type of oil, a la Brent) and at the wrong time - there is not even money for the military. shape.
    It would be much smarter to build plants for deep processing (for example, in ABC plastic, the production of composites, etc.), and not only in diesel fuel, but to start at least with the obligations of all Rosneft within six months to convert all exports of crude oil into gasoline and diesel fuel (and, accordingly, to ban the export of this crude oil in six months).
    1. Nelton Offline Nelton
      Nelton (Oleg) 26 December 2022 15: 20
      Quote: Vladimir Orlov
      and start at least with the obligations of all "Rosneft" within six months to convert all exports of crude oil into gasoline and diesel fuel (and, accordingly, prohibit the export of this crude oil in six months).

      Plastic is gas recycling.
      are doing. this. For example, Amru GCC.
      You can see the scale of construction in the video.

      Six months, you say?
      Well, the world does not need as many tons of plastic as fuel.

      on the topic of diesel fuel / oil.
      I have already cited, firstly, the Russian Federation exported diesel fuel in the amount of 2021 million tons in 50.
      secondly, the increase in value added there is small,
      (in 2021, oil was sold at an average price of $479/t, diesel fuel - $531/t.)
      but oil is much more convenient in logistics.
  3. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 26 December 2022 15: 42
    Well, if Russia, both in moments of bad demand, for example, in the Crown, and in good, did not bother with this earlier, then ....
    .... you don’t really need to see ...
    In fact, this is the property of the oligarchs, and to them, remembering a series of accidents due to warming .... that (well, you understand)