Friday, July 11, 2008

Putin Tours New Rig in Arctic Oil Drive

WHAT HAVE I BEEN SAYING PEOPLE? The liberals are preventing us from drilling, while the Russians are stealing oil from the Arctic. These environmental groups are communist front groups.
The Russians want to steal the oil in the Arctic, while we are busy fighting Iran and Al Qaeda.
Russian Prime Minister Vladimir Putin on Friday toured a new Arctic oil rig intended to boost Moscow's position in the intensifying competition for northern energy reserves.
Putin also met ministers and top oil executives in the Severodvinsk shipyard to discuss prospects for developing more Arctic fields, which are estimated to contain up to a quarter of Russia's proven oil and gas reserves.

"The Arctic zone is a guarantee of Russia's economic power. Oil, gas, gold, diamonds and phosphates -- it's all there," Artur Chilingarov, a member of parliament who is also an Arctic explorer, told AFP before the meeting.
"We need to find new oil fields ... We need to go offshore," he said.

1 comment:

  1. Putin calls for oil, gas industry overhaul, more exploration

    SEVERODVINSK, July 11 (RIA Novosti) - Russian Prime Minister Vladimir Putin called Friday for a major technological overhaul in the oil and gas sector, as well as more exploration to find new strategic deposits.

    "It is obvious that Russia's oil industry and gas sector have reached a crucial juncture, where their growth potential with available sources of raw materials and outdated technology has been almost exhausted," Putin told a conference on oil and gas sector development.

    Speaking about exploration, the prime minister said he in particular meant eastern Siberia, the Yamal Peninsula in northwest Siberia, and the continental shelf.

    He said oil companies had committed themselves to eliminate a drop in oil production levels by the yearend, adding that the companies pledged to do so after the government adopted a decision to alleviate the tax burden on the sector.

    "In response to such actions on the part of the government, oil companies... committed themselves to make up, in yearend results, for the current production drop," Putin said.

    The Russian premier also said modern resource-saving technologies should be introduced in the oil and gas sector.

    "We cannot do without the introduction of up-to-date resource-saving technologies, without increasing the efficiency of the use of raw materials," he said.

    Putin said Russia was and would be able in the long term to provide for the demands of the domestic and foreign markets in energy resources.


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