In Komi, untapped oil still abundant
The Republic of Komi is the only region in European Russia, where major discoveries of untapped natural resources still can be made, the regional governor says.
The Russian federal government will in 2013 invest 130 million RUB in the exploration of new natural resource fields in the region, Governor Vyacheslav Gaizer confirms. The regional leader is a press release underlines that his republic now is “practically the only region in European Russia which has the potential for the discovery of new major hydrocarbon fields”.
“The decision about the budget allocation shows that the federal government understands the situation”, Gaizer says in a press release.
Komi, a vast region bordering on the Ural Mountains, has a variety of natural resources and industry, including oil and gas, minerals, petrochemical industry, coal and forestry.