Ministry of Natural Resources of Russia to activate 1,300 licenses in 2015

​The Ministry of Natural Resources of Russia plans to activate about 1,300 licenses for oil, gas and hard mineral resources deposits in 2015, the head o the Ministry, S. Donskoi said.

“A number of licenses, including those belonging to the system forming organizations, contain conditions the execution of which in the current situation is quite difficult. These are the conditions of the period of putting the deposits into operation, volumes of geological exploration works etc., that were formed without taking into account today’s real situation. We start working on the preparation of amendments to such licenses”, S. Donskoi said.

According to him, in the framework of activation of licenses it is planned to bring them all to a common form.

“In 2015 about 800 applications from subsoil users by hydrocarbons raw materials and about 500 applications by hard mineral resources will be considered”, he said.

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