Novak said this at the Russian-Chinese energy business forum.

He noted that Russia has huge reserves of oil and gas.

"Under current conditions and production levels in Russia, the provision of oil reserves is about 30 years, gas - about 50 years," - quotes his words TASS.

Earlier, Novak said that Russia does not see the need to take urgent measures in the oil market due to the detection of a new strain of the omicron coronavirus.

The head of the analytical department of the National Energy Security Fund, Alexander Pasechnik, commented in an interview with RT on the message that the price of Brent crude oil fell below $ 76 per barrel for the first time since September 23.