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RosGeo plans to increase share of commercial contacts to 55% in 2021

According to RosGeo CEO Sergei Gorkov, the holding’s strategy adopted in 2019 envisages an increase of the share of commercial contract and a reduction of the share of government ones

MOSCOW, April 4. /TASS/. RosGeo, Russia’s biggest geological holding, plans to increase the share of commercial contracts to 55% in 2021, RosGeo CEO Sergei Gorkov said on Sunday.

According to Gorkov, the holding’s strategy adopted in 2019 envisages an increase of the share of commercial contract and a reduction of the share of government ones. "Back in 2019, government contracts accounted for 55% and commercial contracts - for 45% I can say that in 2020 the balance was even, about fifty-fifty, or 49% of government contracts and 51% of commercial contracts, with commercial contracts slightly prevailing. This year, we want to have 55% of commercial contracts and 45% of government contracts," he said in an interview with the Rossiya-24 television channel.

RosGeo performs all types of geological prospecting and exploration activities from regional surveys for all types of mineral resources to estimation of the reserves and commissioning of the fields into operation. The company is 100% owned by the state.

Russian government increases customs duties on beer from unfriendly countries

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Ukrainian trace obvious in Crocus City Hall attack — Russian prosecutor general

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The sources said that Iranian forces managed to destroy several small drones near the city of Tabriz, about 800 kilometers from Isfahan

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Israel to not take responsibility for attack on Iran — newspaper

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US House passes procedural vote on Ukraine aid bill

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Ukraine turns from sovereign country into Western protectorate, Hungarian PM says

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West wants to make Transnistria hotbed of tension — Lavrov

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Iran intends to bolster military cooperation with Russia — envoy to Moscow

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Swiss parliament votes against joining task force on frozen Russian assets

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Russia knows French military instructors working in Ukraine — Lavrov

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Russia has significant amount of West’s funds in case of confiscation of its assets

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Colombian president displays interest in country’s entry into BRICS

Brazilian leader Luiz Inacio Lula da Silva welcomed Gustavo Petro’s initiative, "being committed to promotion of Colombia’s candidacy"

At least 16 Syrian troops killed in terrorists’ ambush in east Syria — TV

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Kremlin declines to comment on alleged assassination attempt on Zelensky in Poland

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