Gazprom picked up new gas fields without tender
Published: 15 May, 2008, 15:13
Russian business daily Kommersant reports that the day before the new president's inauguration energy giant Gazprom was granted one third of Russia's undeveloped federal gas reserves. It says the Kremlin handed over nine gas deposits to Gazprom without go
But, the newspaper adds, the ministry that handed over the fields does not exist anymore after President Medvedev reshuffled his administration.
According to Kommersant, the gas deposits amount to almost 4 trillion cubic metres of gas, which will increase Gazprom's reserves by 13%.
The company will start developing the fields after 2015.
Government prepared to cut tax on crudeThe Russian government has proposed cutting the Natural Resources Extraction Tax on crude oil, a measure intended to prevent stagnation in the oil sector. |
Putin says average pay must riseAt the first session of Russia’s new cabinet, economic matters took centre stage. The meeting focused on the Economic Development Ministry's three-year forecast, which will form the basis for calculating the budget this summer. |

