Ministry of Natural Resources of Russia proposes to announce in 2005-2009 eleven tenders for geological prospecting works on the sites of continental shelf in Barents, Pechora, Karskoe, Chukotskoe and Okhotskoe seas. The initial recoverable resources of the hydrocarbon raw material on the shelf are estimated at 136 billion tons of conventional fuel (corresponding to 25% of the total world resources of hydrocarbons).
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