Ministry of Natural Resources approves 51 sites for geological exploration of hydrocarbons on account of subsoil users

The Ministry of Natural Resources has put up 51 plots with hydrocarbon reserves for auction for their geological study on account of subsoil users, the Ministry reports.

Areas in 15 regions of Russia were put up for the tender. Applications for the right to use subsoil areas are accepted by Rosnedra’s departments during 60 days from the date of this publication.

In 2013, 240 billion rubles were attracted from non-budget funds for geological exploration`.

The increase of public and private investments in the industry led to the discovery of over 250 hydrocarbon deposits in 2009-2013, previously said Minister of Natural Resources, Sergei Donskoy.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer