Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
Russia, Venezuela and Iran are key players in the energy market, on whose supplies global energy security depends, said Rosneft Chief Executive Officer Igor Sechin at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.
“Russia, Venezuela and Iran are key players in the energy market, on whose supplies global energy security directly depends. They account for a third of the world’s liquid hydrocarbon reserves and 15% of global production. Without their resource base, the transition to a new image of global energy is impossible,” the head of the Company said.
At the same time, according to Sechin, Russia’s real contribution to the global economy is proportional to its share in the global resource balance.
“Our country’s share in global hydrocarbon exports is about 15%. However, the Russian resource base is not only hydrocarbons, but also metals. Russia’s share in gold mining is about 10%, and in the production of metals such as high-grade nickel and palladium, it reaches 20% and 40%, respectively,” the CEO said.
The head of Rosneft also noted that Russia contains about 10% of the world’s reserves of rare earth metals, without which the development of modern technologies is impossible.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
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