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Russian Oil and Gas Reserves Grew in 2011
2.01.2012 08:03
Russian Oil and Gas Reserves Grew in 2011

As a result of geological survey, Russian oil and gas reserves grew in 2011, claimed the Minister of Natural Resources and Ecology Yuriy Trutnev.  

Oil reserves grew about 600 mln tons, gas reserves did 900 bn cubic meters.  

This rate exceeds much the annual volumes of development of the natural resources. According to different forecasts about 500-520 mln tons of oil and 660 bl cubic meters of gas will be developed this year.

Russia has been growing the oil and gas reserves the sixth year running, said the minister. Though the final results of geological survey will be revealed in January- February 2012.

Author: Irina Fomina

Tags: Russian oil and gas industry     

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