Tag Archives: Resources

Top priority has been assigned to developing joint oil and gas fields because our neighbors are drawing from the underground resources at a rapid pace.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field. while Oil India has 20 percent.

Rosneft and U.S. energy firm Exxon earlier announced plans to build an LNG plant in Russia'.s far east together.

VChNG. located in east Siberia. produces around 165.000 barrels per day of oil. delivered via the East Siberia-Pacific Ocean pipeline.

In terms of daily production. the fields will yield 50. 000 barrels of crude oil per day and 120 million standard cubic feet of gas per day by early 2019.

Among the important peculiarities of Eurasia zone is the presence of energy resources that can be used in the best manner.

Analysts say oil production in the region - apart from Prirazlomnoye - is years away and may start only in the mid-2020s.

The country’s oil and gas resources management body will launch a tender for exploration licenses in the blocks by the end of June.

Eni and GE will work jointly to evaluate the feasibility of building a 50MW wind power plant and also in exploring further initiatives in Kazakhstan.

Oil demand will also remain surprisingly robust over the next decade.