‘The international community must boycott the Russian nuclear industry’
“The Russian nuclear company Rosatom is not just another energy company. It is a state within the state, and a political instrument for the Kremlin. ...
News
Lack of long-term investment slows hydrocarbons production
Publish date: March 31, 2006
Shortcuts on this page
News
Lack of long-term investment slows hydrocarbons production
A lack of investment in new deposits and poor reproduction of hydrocarbons is slowing down the development of the mineral sectors.
"Companies only find money to invest in production but not for the long-term prospective," said the chairman of the Federation Council’s committee for natural resources Viktor Orlov. According to Orlov, oil and gas production will exceed reproduction in the nearest 14 years. In other words, geological prospecting only replenished 60-65% of extracted reserves, RIA Novosti reported.
More News
All news
What Rosatom’s third year at war tells us
This op-ed originally appeared in The Moscow Times. If Russia’s state nuclear corporation, Rosatom, is to be believed, 2024 was a banner year.&nbs...
Norway opens new Arctic oil fields – named after sea ice phenomenon that the very same oil will contribute to melting
Earlier this month, Norwegian state-owned petroleum company Equinor (with partners Vår Energi and Petoro) started production at a new Arctic site, wi...
Russia’s Chernobyl-style reactors to keep operating until the end of the decade
Recent announcements by Russian nuclear officials that they will extend the runtimes of several Chernobyl-style RBMK nuclear reactors shed light on t...