Economy
Donskoi: Oil prices at $50 per barrel will promote the development of Arctic projects
© RIA Novosti. Ramil Sitdikov

Donskoi: Oil prices at $50 per barrel will promote the development of Arctic projects

Oil prices at $50 per barrel will provide for the development of Arctic oil and gas projects, TASS quoted Natural Resources and Environment Minister Sergei Donskoi as saying.

"$50 is not that high, but this is an opportunity to plan these [Arctic] projects for the future and set timelines to develop various areas," he said.