16 June 2004 19:53
Russian premier calls for increased oil production
Primorsk (Leningrad region), 16 June: Russia will increase the production and export of oil in a planned manner in
keeping with the energy strategy approved earlier, Prime Minister Mikhail Fradkov has told journalists.
"We are being guided by the energy strategy. It contains the figures and the dynamics are positive," the
prime minister said while answering a question on the possibilities for increasing Russia's oil production.
He noted that the government, by developing infrastructure and coordinating the efforts of oilmen, gives oil
companies additional opportunities so that they are interested in increasing the production and sale of oil. "If
there are sales, appropriate market conditions, resources that make it possible to prospect and modernize and deepen
production, there will also be interest in expanding it," Fradkov said.
He also thinks that the production of oil must be accompanied by investment in oil refining and oilfields. "One
has to invest, not only take from the surface, increase the effectiveness of production and work on refining," the
prime minister said.
[RIA news agency] |
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