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7

Russian Mineral Resources Go Down»

The ceiling for viewing fields counted as strategic ones has been materially lowered

Deputy Natural Resources Minister Anatoly Temkin unveiled on Monday the details of a revised bill on subsurface resources.

The ceiling for viewing fields counted as strategic ones has been materially lowered under the revised bill.

For the gas fields, for instance, the ceiling went down from 1 trillion cubic metres to 75 billion cubic metres; the oil ceiling dropped to below 150 million tonnes, while gold and copper stood still at 700 tonnes and 10 million tonnes respectively.