Putin visits ice cave during Arctic tourSociety & Culture March 30, 0:02
Putin orders Defense Ministry and FSB to ensure protection of Russia’s interests in ArcticMilitary & Defense March 29, 21:46
Kiev aware of few chances to win in debt lawsuit case — envoyBusiness & Economy March 29, 20:52
Russian top diplomat dismisses claims about human rights violations in Crimea as liesRussian Politics & Diplomacy March 29, 20:23
Moscow suspects Jabhat al-Nusra could be used to topple AssadRussian Politics & Diplomacy March 29, 19:58
Lavrov reiterates there are no facts substantiating Iran’s links to terroristsRussian Politics & Diplomacy March 29, 19:40
Russia to upgrade helicopter protection system based on Syrian experienceMilitary & Defense March 29, 19:00
Lavrov says Ukrainian president wants to bury Minsk agreementsRussian Politics & Diplomacy March 29, 18:57
FIDE executive says Ilyumzhinov himself to blame over media buzz on his resignationSport March 29, 18:46
“Not long ago, I spoke in Vienna with OPEC Secretary General Abdalla Salem El-Badri, who is also skeptical about growth prospects for the production of shale oil and gas, as we are,” he told journalists on the sidelines of the Sochi Investment Forum.
He cited statistics, according to which the growth in global shale oil production in 2013 was 13%. To preserve such growth rates, he said, as many as 360,000 wells are to be drilled, which requires serious investments. The market, in his words, is realistic about the risks.
Novak also noted that this forecast would be taken into account in Russia’s Energy Strategy his ministry was working on.