The high-latitude regions of the Western Arctic and the whole of the Eastern Arctic may turn out to be unavailable for oil production within the next 10 years. Such a proposal was made by the RF Ministry of Natural Resources (MinPrirody) within the framework of preparing the program of the continental shelf exploration. The moratorium […]

In 2012 Azerbaijan is going to raise the oil production volume. This was declared by the president of the oil company of Azerbaijan (SOCAR) Rovnag Abdulaev in Baku at the international conference. “The conciliation process for contract on the deep gas development at the Azeri-Chirag-Guneshli oil and gas fields. According to the forecasts the gas […]

According to the statement made by the CEO of OOO TNK-Uvat (the subdivision of TNK-BP) Yury Masalkin, the company is planning to invest no less than one hundred million American dollars annually up to 2015 into the geological prospecting and exploitation of the territory surrounding the village of Uvat. The exploration works have been singled […]