Gennadiy Schmal: The stabilization of oil extraction should be the primary objective of the geology development strategy.

The State Duma held parliamentary hearings on the topic: "The Development Strategy for the Geological Sector of the Russian Federation until 2030". Our expert – the President of the RF Union of Oil and Gas, Gennady Schmal - commented upon the results of the parliamentary hearings.

"The strengthening of JSC "Rosgeologiya" by 10 state geological enterprises included in the privatization plan, and the creation of a network of federal budgetary institutions under Rosnedra's jurisdiction – is a small private matter that does not reflect the situation that exists today in the geological sector of the country. The logical question arises: why ten, not twenty organizations, not all the other companies that are still represented in the industry?

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer