Wednesday, March 19, 2014

The Rush To Tap Crimea's Oil And Gas Riches Is On

Gazprom. © RIA Novosti. Ilya Pitalev

Gazprom Seeks Access to Crimean Oil and Gas Deposits -- RIA Novosti

MOSCOW, March 18 (RIA Novosti) – Russian energy giant Gazprom is seeking access to oil and gas deposits in the territorial waters of Crimea, which became Russian territory on Tuesday.

“Gazprom was the first to file its request,” Rustam Temirgaliyev, the region’s first deputy prime minister, said in an interview with RIA Novosti.

The Crimean parliament, which refused to recognize the new Ukrainian government and held a popular vote on secession and reunification with Russia on Sunday, ruled on Monday that all Ukrainian state property in the region is to become the property of Crimea.

Read more ....

Previous Post: Will Crimean Independence Mean The End To Ukraine's Offshore Oil And Gas Hopes In The Black Sea?

My Comment: We are talking big money .... about $5 billion annually in oil, and significant amounts in natural gas. Read my comment from this post.

Update: With this oil and gas potential .... Russia has no problem in providing aid to Crimea .... Crimea Gets First Installment of Russian Financial Aid -- RIA Novosti


James said...

This is mere speculation on my part, but this looks a little like Putin's reaction to the effects of fracking in the West.

sathyam shonkho said...

Prodigy oil and gas is accused of selling at least $463,768 in unregistered securities to a Massachusetts investor who was cold-called about investing in an oil well operation.

sathyam shonkho said...
This comment has been removed by the author.