Source Pravda.Ru

Ministry of Natural Resources posts preliminary data on oil production

According to preliminary data issued by the Ministry of Natural Resources, the volume of oil production reached 380m tons in Russia in 2002, ministry official Alexey Khitrov announced at a board meeting at the ministry today.

According to the official, a rise in natural gas production reached 1.1 trillion cubic meters last year, which was achieved due to improved license policies and exploration operations that had been financed from both stated sources and sources of companies. Meanwhile, total allocations of the government for geological exploration operations saw a 1.5-fold fall to 30bn rubles (about $943m) last year.

According to Khitrov, the Ministry of Natural Resources needed 15bn rubles ($472m) for the further improvement of license policies and regulations for the use of natural resources.

Comments
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Castro sued over alleged torture
Macron challenges Trump. French independence and croissants at stake
Castro sued over alleged torture
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Castro sued over alleged torture
Castro sued over alleged torture
Putin dislikes the idea of US army bases coming to Kuril Islands
Castro sued over alleged torture
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Russians lose faith in their future, get ready for worse
Macron challenges Trump. French independence and croissants at stake
Russia unveils nuclear-powered interstellar spaceship
Russia unveils nuclear-powered interstellar spaceship
Moving inexorably towards war
Russians lose faith in their future, get ready for worse
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Russians lose faith in their future, get ready for worse
Russians lose faith in their future, get ready for worse