YUZHNO-SAKHALINSK, March 18 (RIA Novosti, Petr Tysrendorzhiyev) - A Russian state-owned oil major is going to invest more than $1 billion in the development of East Siberian oil and gas fields, the company's president said Saturday.
"I have arrived in Yuzhno-Sakhalinsk from Norilsk, where the company has already committed $300 million for the development of a resource base," Sergei Bogdanchikov said.
In 2008, Rosneft is planning to begin large-scale production of carbohydrates there.
"Northern oil and gas reserves are huge," Bogdanchikov said.
