×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Caspian Reserves 40Bln Tons

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)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more