Rosneft privatization deal is completed — KremlinBusiness & Economy December 07, 21:06
Contact Group focuses on demining, creation of new security zones in Donbass — OSCE envoyWorld December 07, 20:57
Russian Defense Ministry reports 70% of eastern Aleppo under control of Syrian armyWorld December 07, 20:21
Moscow slams Polish FM's remarks on NATO-Russia Council meeting — sourceRussian Politics & Diplomacy December 07, 20:12
IOC extends doping-related sanctions against RussiaSport December 07, 19:35
Russian oil companies back Energy Ministry proposal on limiting oil production — ministerBusiness & Economy December 07, 18:42
Syrian troops take full control over 47 quarters of eastern Aleppo — ministryWorld December 07, 18:36
Sberbank head expects oil and gas prices to continue to fallBusiness & Economy December 07, 18:26
Russian sappers start clearing eastern Aleppo from minesMilitary & Defense December 07, 18:17
MOSCOW, June 18. /ITAR-TASS/. The Russian Natural Resources Ministry has amended the subsoil law to allow three independent oil companies to work on the shelf, business daily Kommersant reported on Wednesday.
The three companies are the largest independent oil company Lukoil, exploration operator Severneftegas and Crimea’s oil and gas company Chernomorneftegaz, both owned by Vladimir Lisin.
In 2008, amendments to the subsoil law banned private companies from working on the shelf, creating problems for those, who, like Lukoil, received such licenses before 2008 and was working on the Caspian Sea shelf.
Natural Resources Minister Sergei Donskoy said the amendments were meant to boost investment in the shelf development and help private firms recover funds they had invested in exploration.