Medvedev has told about prospects of development of hydrocarbons in the Arctic

Medvedev has told about prospects of development of hydrocarbons in the Arctic© RIA Novosti. Dmitry attachability to the photobank

The Russian Arctic has tremendous prospects for oil and gas, to conduct geological exploration for discovery of new deposits, said Prime Minister Dmitry Medvedev.

«The Arctic really is a huge amount of stock of our hydrocarbons, in any case, we all need to develop,» — said Medvedev at a meeting with the head of the largest Russian private oil company «LUKOIL» Vagit Alekperov.

That, in turn, noted that «LUKOIL» pays «great attention to exploration».

«Exploration is expensive, but necessary, because without it impossible to find new fields to start production of hydrocarbons. But once again I will emphasize: opportunities, stocks, the prospects of the Arctic region of our country is simply enormous,» he added.

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