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  Wednesday, February 19, 2020
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Rosneft is planning to invest $4.5 billion in geological prospecting in Russia's Far East until 2010
Rosneft is planning to invest $4.5 billion in geological prospecting in Russia's Far East until 2010, an official said Monday. "Investment in prospecting from 2006 until 2010 should total $4.5 billion," said Lev Brodsky, head of Rosneft's projects on the island of Sakhalin, where several energy projects are being pursued. He added that the investment would cover Sakhalin-III, Sakhalin-IV, Sakhalin-V projects and deposits on the Kamchatka Peninsula. The state-owned oil company, which will hold an initially public offering in mid-July, will drill 27 prospecting wells at new fields in the Far East by 2010, Brodksy said.
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