“We see that reserves (of oil in the world. -

RT

) have dropped to a level below the five-year average by 174 million barrels,” RIA Novosti quoted him as saying.

He also noted that the overall level of implementation of the OPEC + deal to limit oil production in October was 116%.

On December 2, OPEC + confirmed the current strategy of the alliance and decided to continue increasing oil production by the planned 400 thousand barrels per day.

Earlier, Novak said that the provision of Russia with oil reserves under current production conditions is about 30 years, and gas - about 50 years.