News

Russian oil and gas machine producers oppose new law on mineral resources

Publish date: November 25, 2005

The Russian Union of Oil and Gas Machinery Producers opposes the draft law on mineral resources as proposed by the Russian Ministry of Natural Resources.

The law provides for the initiation of auctions on licenses to mineral deposits. The manufactures criticize the bill because they believe it does not protect the domestic machine-building industry in their competition with foreign companies, DvinaInform reported. If the law is passed, the government will be unable to stimulate development of Russian machinery construction, the union maintains.


The industry also fears that the situation will be the same in the Barents Sea as in the Russia Far East, where foreign companies got almost all construction orders for the development of the Sakhalin offshore fields.

More News

All news

The role of CCS in Germany’s climate toolbox: Bellona Deutschland’s statement in the Association Hearing

After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.

Project LNG 2.

Bellona’s new working paper analyzes Russia’s big LNG ambitions the Arctic

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.