Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
Russia to lay down 2 diesel-electric submarines for Pacific Fleet in JulyMilitary & Defense June 26, 18:07
Russia’s Khramtsov wins first gold at 2017 World Taekwondo ChampionshipsSport June 26, 18:03
Russian Navy to get four frigates by 2020Military & Defense June 26, 17:41
ST PETERSBURG, June 21 (Itar-Tass) - President Vladimir Putin said the Russian fuel and energy sector was entering a new phase to develop new resources on the shelf, high-viscosity and shale oil, and its output in polar latitudes.
Speaking at a round-table meeting within the St Petersburg International Economic Forum on Friday, Putin said, “The development of the sector is linked to new projects in the East and in the Arctic.”
The president stressed that the volume of new resources was colossal. At least 22 billion tonnes can be produced from the Bazhenov group, Western Siberia, Putin said.
“In recent months we’ve done much - we’ve offered a new tax system to develop stranded gas fields,” the president said, adding that these tasks required coordinated actions, cooperation between producers and return projects related to the exchange of assets, the implementation of projects, localization and license of technologies.
“We’ll pursue this policy,” Putin said, saying the first steps were being taken by Rosneft and ExxonMobil.