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.

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