Russian specialists today got down to the main phase of a project to develop Finland's deepest oil well
Published:
24 April 2004 y., Saturday
Russian specialists today got down to the main phase of a project to develop Finland's deepest oil well, Outokumpu (2.5 kilometers), spokespeople for Russia's Trade Delegation in Helsinki report. They drilled 150 meters into the well at the project's initial phase, which began on April 7 and involved tests of drilling equipment.
The project is part of a March 2003 deal for the supply of research equipment and services to reduce Russia's Soviet-era debt to Finland by a total $25 million. The drilling works will strike off 7 million euros.
Russia still owes Finland some $500 million; it has repaid $250 million since 1995.
The drilling of the Outokumpu oil well is Finland's largest collaborative project with Russia so far.
Šaltinis:
RIA Novosti
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010.
more »
In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates.
more »
Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year.
more »
The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group.
more »
"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee.
more »
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank.
more »
The euro area economy grew by 0.4% in the third quarter. Is the crisis over?
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank.
more »
The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region.
more »