RealNews

Russia gives oil companies six months to shape up

Russia’s natural resources ministry has given oil companies working in Russia six months to update plans for their projects amid a crackdown on foreign and domestic energy companies for alleged environmental violations, news agencies reported. “I want to ask companies to promptly make changes to their license agreements … voluntarily introducing terms on the length of time and rules for extraction” for their project licenses, ITAR-TASS quoted Minister of Natural Resources Yury Trutnev as saying. Full Story

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