The country has an estimated 31 billion tons of recoverable reserves, according to Aleksandr Novak Russia holds an estimated 31 billion tons of recoverable oil reserves – including proven deposits and volumes not yet ready for production – enough to last over 60 years at the current output rate, Deputy Prime Minister Aleksandr Novak has announced. Novak made the estimate on Friday, during a working visit to the Sirius Federal Territory where he spoke to students on the oil industry, global