Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
Russian top diplomat shares his impressions from meeting with US leaderRussian Politics & Diplomacy July 21, 20:31
Lavrov bewildered US special services give no facts of Russia’s meddling in US electionRussian Politics & Diplomacy July 21, 19:46
MOSCOW, January 23. /TASS/. Oil and gas industry should revise investment plans at the current oil prices, Energy Minister Alexander Novak told journalists Saturday.
"At the current oil prices and floating exchange rate, oil and gas sector should increase efficiency, keep costs down and one more time revise their investment plans," he said.
The Minister also said that the Russian government will support the fuel-and-energy complex in reducing administrative barriers and simplification of administrative procedures.
"As for any additional support, it will not be financial, but more in the field of simplifying administrative procedures related to business activities, administrative barriers," he said.
At the same time, the Russian Energy Ministry prepares proposals to improve efficiency of the fuel-and-energy complex in tight economy.
"We prepare the overall government plan of priority development measures. And we too, for our part, participate in preparing proposals that will be primarily related to improving efficiency of the industry in tight economy," the Minister said.
On January 22, the price of Brent crude oil soared by 7%, surpassing the mark of $31 per barrel.