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Arab companies take interest in hard-to-recover hydrocarbon reserves in Russia

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Arab companies take interest in hard-to-recover hydrocarbon reserves in Russia

Companies from Arab countries are showing their interest to projects for the development of hard-to-recover reserves of hydrocarbons, the head of Russian Ministry of Nature, Sergey Donskoy, told reporters on Tuesday.


“I know that many Arab companies are interested in hard-to-recover reserves of hydrocarbons. At the time, Mubadala voiced its interest in subsoil areas with hard-to-recover reserves,” — Donskoy said.

The Minister stressed that the amount of such reserves on the territory of Russia was significant.

“We have a lot of them. I heard that they were estimated at between 90 billion to 200 billion tons. But a geological study is still underway,” he said.

The Minister added that he was unaware about the interest of Qatar Foundation’s involvement in domestic developments.

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