Interfax: Sanctions against Russia already affecting production of tight reserves, could impact shelf

Oil Worker file photo

KHANTY-MANSIISK. Sept 10 (Interfax) – The sanctions imposed by the EU and U.S. against Russia are already affecting the production of tight reserves, Russian Natural Resources Minister Sergei Donskoi said at a briefing in Khanty-Mansiisk. “The sanctions, first due to technology, have not yet impacted [the country’s economy], but are already affecting the production of tight reserves. As a rule, […]

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Interfax: Russia can keep oil output at 500 million tons for 10 yrs – Donskoi

Oil Well file photo

MOSCOW. Dec 25 (Interfax) – Russia’s subsurface resource base allows the country to maintain oil production of 500 million tonnes a year for the next ten, given the current conditions, Natural Resources Minister Sergei Donskoi said during a meeting devoted to the ‘effectiveness of studying and developing raw hydrocarbons on Russia’s continental shelf.’ However, the minister said, if efforts are […]

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Arctic Activity Heating Up

Map of Barents Sea and Polar Environs

(Moscow Times – – Lena Smirnova – May 30, 2013) When the virtual hammer came down on the country’s Arctic real estate last week, state-controlled Gazprom managed to get the largest slice. Gazprom vied with Rosneft and was awarded seven disputed areas in the Kara sea shelf and could split the eighth area, in the West Siberian sea, with […]

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Evacuation of Personnel from Russian Polar Stations to Begin in Mid-June – Minister

File Photo of Polar Bear on Ice and Snow with Water Nearby

(Interfax – MOSCOW, May 27, 2013) The personnel of the SP-40 weather station, based on a split ice floe in the Arctic Ocean will be evacuated in mid-June, Natural Resources Minister Sergei Donskoi told reporters on Monday. An icebreaker will depart from Murmansk to collect the personnel and equipment. “If the mission goes as planned and the Yamal icebreaker keeps […]

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