Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
This week in photos: Confederations Cup opening and summer solstice celebrationsSociety & Culture June 23, 19:11
Turkish ambassador to Russia: Moscow and Ankara to join efforts in war on terrorWorld June 23, 18:45
Ukraine’s finance ministry files appeal to London Court against Russia in $3 bln debt caseBusiness & Economy June 23, 18:42
Ukrainian society tired of Poroshenko’s policy — expertRussian Politics & Diplomacy June 23, 17:58
Deutsche Welle sees Russian international broadcasters as threat to European ideasWorld June 23, 17:34
Watchdog claims Telegram provides means of communication to terroristsBusiness & Economy June 23, 16:45
MOSCOW, November 28. /TASS/. Russia’s Natural Resources Ministry has invited Norway’s Statoil to take part in its projects on raw hydrocarbon exploration, the ministry said in a press release.
Minister Sergey Donskoy voiced this proposal when meeting with the management of the Norwegian company in Oslo.
Donskoy said that his ministry continues to work on the creation of special sites for the development of new technology of exploration and development of unconventional hydrocarbons.
He said that oil reserves of the Russian section of the Arctic offshore zone reach 10 bln tonnes, while about 100 bln tonnes of fuel equivalent can be extracted from the depths of the Russian section. Donskoy said that the correlation between reserves and resources means that discovery of large and unique deposits on offshore zone is very likely.
The Natural Resources Ministry is now stepping up measures of state regulation for the introduction of technologies to increase of oil recovery factor on existing fields and to boost the development and exploration of hard-to recover reserves.
"Measures aimed at promotion of mining of hard to recover reserves will allow Russian companies to produce additionally about 326 million tonnes of oil by 2032," according to the press release.