14 April 2014

Russian minister says sanctions hit hard-to-recover oil output

Reuters: 10. September 2014


Russia's President Vladimir Putin with Natural Resources and Environment Minister Sergei Donskoy.


Russian Natural Resources Minister Sergei Donskoy said on Wednesday that Western sanctions have already had an impact on the production of hard-to-recover oil, seen as a next key source of oil output in the country, Interfax news agency reported.

"Sanctions ... have already had an impact on production of hard-to-recover reserves. As a rule, our oilmen use foreign technologies and try to adapt them to our conditions," Donskoy was quoted as saying on Wednesday.

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