RATES OF OIL EXTRACTION HAVE DECREASED

A&G Information Services,  January, 2006  

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A&G Information Services 01-02-2006 RATES OF OIL EXTRACTION HAVE DECREASED ST.PETERSBURG, RUSSIA, Jan 02, 2006 (A&G News via COMTEX) -- In 2005 the growth in production of basic primary fuel and energy resources in Russia is expected at the level 1, 7% against 4, 8% in 2004.

Rates of growth in oil production will decrease from 9% in 2004 to 2, 3% in 2005 and in gas production - from 2% to 0, 5%, informs the Ministry of Economic Development and Trade. The main reasons for decrease in rates of oil extraction are insufficient development of an infrastructure of a ...

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