Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
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.