Russia found new reserves of oil and gas

Category: World Oil & Gas news | Posted on: 30-12-2008

Russia has discovered 500 million tons of new oil reserves and 650 billion cubic meters of natural gas reserves.

 

 

 

Natural Resources Minister Yury Trutnev said that Russia’s reserves of coal too increased by about 58 million tons, 513 tons of gold is 2080 tons of silver.

 
Trutnev pointed out that the new discoveries were the result of the auction for the exploitation of oil and gas deposits and precious metals, which have dismissed the Russian federal budget of  3 billion $.
Trutnev said that Russia plans to conduct an auction of 350 of this kind in the next year.

 


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