Exploration & Production

Russian ministry forecasts increased gas reserve growth

Russia’s Natural Resources Ministry expects growth in the country’s oil and gas reserves in 2017 to exceed levels seen in 2016.
By Staff reporter 20 September 2017 0 27649

Russia’s Natural Resources Ministry expects growth in the country’s oil and gas reserves in 2017 to exceed levels seen in 2016.

"There are major discoveries this year too in comparison to the previous year. And there will be higher growth of reserves," Russian Natural Resources Minister Sergei Donskoi told journalists.

"We are convinced that investments in geological exploration will be higher this year compared to last year […] geological exploration is on the rise," he said.

"The deal with OPEC has had a positive...