RUSSIA TO INVEST INTO DRILLING TECHNOLOGIES FOR OIL AND GAS PRODUCTION
February 1st, 2016
Leading Russian oil and gas producers, along with the national government, are considering investing up to Russian Roubles RUB100 billion (USD1.4 billion) into developing drilling and related upstream technologies during the next several years, amidst an shortage in technology supplies.
Prior to the sanctions war between Russia and Western countries sparked by the Ukraine crisis, the majority of drilling technologies were imported into Russia. However, the imposition of sanctions on Russia by the USA, the European Union (EU) and others, which have especially ...
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