Russia needs about $3 billion of investment into its energy sector

Russia needs $2.7 billion of investment into the development of its energy sector in 2014-2035, the International Energy Agency stated in its report World Energy Investment Outlook – 2014.
In the first place, the necessity to increase production and industrial capacities will be felt in the Russian gas industry, analysts of the agency note. As a consequence, the necessary investments will make up $1.016 trillion (40% of total investments into energy sector).
$715 billion of that will be spent for geological exploration and production and $301 billion for transport infrastructure. The second cost-based sector is the oil industry ($849 billion). $750 billion must be spent for the geological exploration and development of new fields, $70 billion for processing and $28 billion for transportation, the agency reports.