Support The Moscow Times!

Oil Found Under Perm

PERM — LUKoil-Perm discovered a new oil deposit in the Perm region with about 20 million tons of assumed recoverable reserves, the company said in a statement cited by Interfax on Thursday.

LUKoil-Perm came across the deposit while drilling its first prospecting well at the Zyryanskaya structure in the Kondassky licensed section, located beneath the Verkhnekamskoye potassium-manganese salt field, the statement said.

The company plans to launch a new field at the Kondassky section this year. Reserves at the field have preliminarily been estimated at 27 million tons of oil.

(MT)

… 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.

Continue

Read more