ASTRAKHAN — Hydrocarbon reserves found on the Caspian Sea shelf amount to 2.95 billion tons of oil and 3.1 trillion cubic meters of gas, Deputy Prime Minister Sergei Ivanov said Wednesday.
Western companies assess the Caspian geological oil and gas reserves to be between 26 billion and 40 billions ton of oil equivalent, he said. In the future, these resources could prompt an economic boom in the region, Ivanov said. As of now, 10 fields have been discovered at the bottom of the Russian part of the Caspian Sea, which could provide an annual oil production of about 40 million tons, the deputy prime minister said.
(Interfax)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
