Infrastructure
Manturov: Russia to create national offshore technology by 2020
© RIA Novosti. Vladimir Astapkovich

Manturov: Russia to create national offshore technology by 2020

Recent adjustments to the state shipbuilding program will allow Russia to develop national technology for offshore oil and gas projects by 2020, Minister of Industry and Trade Denis Manturov said.

"The shipbuilding and marine technology program was launched a long time ago. Now we are updating it to focus on the creation of technology for offshore projects. By 2020, we will be able to produce all kinds of equipment for the oil and gas companies that are developing offshore projects," the minister said as quoted by Rossiya Segodnya.

Denis Manturov said that the Ufa meeting of the interdepartmental working group for reducing the Russian fuel and energy sector's dependence on imported equipment focused on closer cooperation between the sector's vertically integrated companies, which should pave the way for the creation of equipment and technology that will be in demand by Russian oil and gas producers.