Annual volume of the Russian geological exploration market is 400 billion rubles
Edited by Rhod Mackenzie / 2013-11-06 09:34:15
The annual volume of the Russian geological exploration market is 400 billion rubles, and the private subsoil users share 90% of the sum, the CEO of the Russian Geology R. Panov says. The budget of the Russian Subsoil Use Management Agency shares 40 billion rubles in the sum. The Russian Geology gains 45% of its profit from hydrocarbons geological exploration, and solid minerals share the rest.
Translated by Nadezhda Poltoratskaya
