Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on September 7, 2011
Russia Can Double Oil Reserves By Tapping Arctic Potential
Russia can double its oil reserves if the government is determined to exploit the potential in the Arctic, a senior Lukoil Holdings executive said Wednesday.
“The development of Arctic fields needs political will and support from the government,” Sergey Chaplygin, chief executive of Lukoil International Trading and Supply Co. said, but didn’t elaborate. Lukoil is the country’s biggest private oil producer.
Russia, the world’s top oil and gas producer, has proven oil reserves of around 60 billion barrels, Energy Information Administration data showed.
Lukoil plans to explore oil production in the Russian Arctic with state oil company Rosneft under a new long-term cooperation agreement that takes effect this month.
Rosneft will also explore in the Arctic area with U.S. energy giant ExxonMobil, in a separate deal.
7 Comments on "Russia Can Double Oil Reserves By Tapping Arctic Potential"
Kenz300 on Thu, 8th Sep 2011 9:43 pm
BP was unable to do joint deals in Russia.
Rule of law, contracts and property rights are suspect there. I wonder if Exxon will be more successful or if they will be taken for a ride like BP.
Russia visa on Tue, 13th Sep 2011 8:26 am
An impressive share, I just given this onto a colleague who was carrying out a little analysis on this. And he in truth bought me breakfast mainly because I discovered it for him.. smile. So let me reword that: Thnx with the treat! But yeah Thnkx for spending time to discuss this, I come to feel strongly about it and love reading more on this matter. If possible, as you become expertise, would you mind updating your blog site with extra details? It really is highly practical for me. Big thumb up for this blog post!
evisa india on Thu, 30th May 2019 1:09 am
Some really nice and useful information on this web site
indian visa on Wed, 31st Jul 2019 1:54 am
Waooow!!! Really very cool site of blogs.
Genevieve Evans on Wed, 6th Nov 2019 4:01 am
Thank you for this information. but this is time to protect the environment and resource for future generation.
india visa on Sat, 28th Dec 2019 6:26 am
Really Good Job cool site of blogs.
Visa Express on Sun, 6th Nov 2022 10:33 pm
Excellently written post. I felt transported along with you as I read it. I’ve got to understand your previous stuff, and you’re clearly out of the ordinary. I genuinely like what you’ve accomplished here, especially what you’re saying and how you say it. You make it appealing, and you take care to keep it informative. I guess I’m not the only one who loves the following! Keep up the great work.