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Russia Plans to Invest $1.2B in Hydrocarbon Exploration

© RIA Novosti . Boris Babanov / Go to the mediabankRussia Plans to Invest $1.2B in Hydrocarbon Exploration
Russia Plans to Invest $1.2B in Hydrocarbon Exploration - Sputnik International
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The Russian Ministry of Natural Resources has estimated expenditures for planned hydrocarbon exploration in five prospective zones at 44.3 billion rubles ($1.2 billion).

MOSCOW, April 16 (PRIME/RIA Novosti) – The Russian Ministry of Natural Resources has estimated expenditures for planned hydrocarbon exploration in five prospective zones at 44.3 billion rubles ($1.2 billion).

The zones proposed by the ministry will cover the resource-rich regions of the Caspian Lowland, in addition to the West Siberian and East Siberian oil and gas areas, the ministry's head Sergei Donskoy said at a conference Wednesday.

A large portion of the spending will go toward hydrocarbon exploration in the Gydansko-Khatangskaya zone in West Siberia and the Argishsko-Chunskaya zone in East Siberia, Donskoy said.

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