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Oil demand to rise up to 115 mln barrels per day by 2030 — Novak

It is reported that the number of flights is on the rise

Russian Deputy Prime Minister Alexander Novak Peter Kovalev/TASS

Russian Deputy Prime Minister Alexander Novak

© Peter Kovalev/TASS

ST. PETERSBURG, June 6. /TASS/. Russia does not rule out a strong growth of oil demand by 2030, even to the levels close to 110-115 mln barrels per day, Russian Deputy Prime Minister Alexander Novak said at the St. Petersburg International Economic Forum (SPIEF).

"In the future, even by 2030, within six years, today’s 102 mln barrels per day may turn into 110 and 115 mln barrels per day because petrochemical industry is developing, the number of flights is on the rise," he said.

The St. Petersburg International Economic Forum (SPIEF) is being held on June 5-8. This year’s theme is "The Formation of New Areas of Growth as the Cornerstone of a Multipolar World." Scheduled events include meetings for small and medium-sized businesses, creative industries, the SPIEF Youth Day, as well as the Drug Security, SPIEF Academy and SPIEF Junior forums. SPIEF is organized by the Roscongress Foundation. TASS is the information partner of the event.

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