Putin says investors are not complying with oil and gas licenses

Feb 27, 2002 01:00 AM

As little as 54 % of Russian holders of hydrocarbon deposit development licenses comply with their pledges, President Vladimir Putin said, addressing the presidium of the Russian State Council.
Putin called the existing practice of licensing the use of mineral resources inefficient and urged oil company license requirements to be analysed.

Source: Neftegazovaya vertikal via NewsBase
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