21 Jan 2015 13:31

Donskoi: no halt in shelf development foreseen

MOSCOW. Jan 21 (Interfax) - Russia's Natural Resources and Environment Ministry has received no notification from the oil companies developing the shelf concerning a halt to operations.

"So far we have not received any proposals from the companies about shutting down operations," Natural Resources and Environment Minister Sergei Donskoi said in the State Duma, noting that shelf development operations are currently in the geological exploration phase.

"The shelf operations must continue. Low oil prices won't last forever," he said.