Russian government to stimulate development of oil and gas fields in Caspian Sea

Jun 11, 2014 12:00 AM

Today Russian government has approved the plan to stimulate the development of oil and gas fields at the continental shelf and Russian sector of the Caspian Sea floor.

According to the RF government, the plan provides for administrative and legislative support of Russian continental shelf development and drawing up of an integral system approach to stimulate the development of raw hydrocarbons resource potential at the shelf and Russian sector of the Caspian Sea floor.

Russian Ministry of Energy will monitor the process of the plan implementation.

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