The Ministry of Natural Resources of the Russian Federation Has Commented on the Profitability of Oil Reserves in the Country
Only 13 billion out of 31 billion metric tons of oil reserves in the Russian Federation are considered economically viable, while the majority are hard-to-recover reserves, and at the current production rate, the total reserves will last for 26 years, according to Alexander Kozlov, the Minister of Natural Resources and …
The Ministry of Natural Resources Is Working on the “Continental Shelf” Project
The Ministry of Natural Resources of the Russian Federation is still deciding whether the Continental Shelf project will be a separate federal project or will be included in existing programs, Minister of Natural Resources and Ecology Alexander Kozlov told RIA Novosti at the Eastern Economic Forum. “We are currently working …
The Cabinet Of Ministers Approved The Powers Of The Ministry Of Natural Resources To Register Installations On The Shelf And In The Seas
The Ministry of Natural Resources is vested with the authority to adopt a procedure for submitting information about contractors creating, operating and using structures and installations on the continental shelf. The Government of the Russian Federation has adopted a draft resolution giving the Russian Ministry of Natural Resources the authority …
Sergei Radkov Will Be Appointed Acting General Director Of Rosgeologia
At the same time, the head of the Russian Ministry of Natural Resources, Alexander Kozlov, noted that Sergei Gorkov, who has headed the holding since April 2019, will remain on the board. Deputy General Director of Rosgeologiya Sergei Radkov will be appointed acting head of the holding. This was announced …
State Funding for Oil and Gas Exploration in 2024 Will Amount to 11.3 Billion Rubles
The Ministry of Natural Resources emphasized that starting from 2022, five objects are being studied within the framework of the federal project “Geology: Revival of a Legend” in order to search for gas deposits. Federal funding for geological exploration of hydrocarbons in Russia in 2024 will remain approximately at the …
The Cabinet of Ministers Expanded the List of Hard-to-Recover Reserves
Oil deposits of the Kuma-Kerestin formation in the North Caucasus and Paleozoic deposits of Western Siberia were brought there The Russian government has included oil deposits of the Kuma-Kerestin formation in the North Caucasus and Paleozoic deposits of Western Siberia in the list of hard-to-recover reserves, the ministry reported. The …