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Exploration and production of natural resources was discussed at the RUSSIA EXPO

Exploration and production of natural resources was discussed at the RUSSIA EXPO
Photo: Kirill Kallinikov/RIA News
10.04.2024

Geological exploration, mineral extraction and prospects of subsoil use until 2050 were discussed at the plenary session "Subsoil Use for a Stable Future: The Era of Revival" held at the RUSSIA EXPO.

"Subsoil use has always been the backbone of the Russian economy, a pillar for sustainable socio-economic development of regions, a basis for the well-being of citizens and the basis for the technological sovereignty of the country," Deputy Prime Minister of the Russian Federation Victoria Abramchenko emphasized in her welcoming speech, opening the session via video conference call.

She noted that thanks to the joint work of the state and private companies, the industry is improving its performance and developing at an accelerated pace despite the sanctions. Priority areas of work have been defined by the President and are aimed at reducing the dependence of the domestic industry on imports of scarce mineral raw materials.

Photo: Kirill Kallinikov/RIA News

The profession of exploration geologist is conservative, Russian geology is over three hundred years old, said Evgeny Petrov, Head of the Federal Agency for Mineral Resources of the Russian Federation. But this is exactly why the industry should be the flagship of innovation: "The industry should focus on the creation of new energy production technologies: hydrogen, solar, and traditional: hydro and nuclear energy, functioning on a new foundation of new technologies. To achieve such results, it is necessary to fundamentally change the attitude to the reproduction and future development of the raw material base. The emergence of new digital mechanisms will help to attract financing to exploration and production."

Oleg Yevtushenko, Executive Director of Rostech State Corporation, Igor Kobzev, Governor of the Irkutsk region, Igor Demidov, CEO of Polar Lithium LLC, Andrei Zarubin, General Director of NEFTISA Oil Company JSC, and Yuri Panov, Rector of the Sergo Ordzhonikidze Russian State Geological Exploration University, also spoke about the industry's successes, work experience and interaction with it in their regions and departments.

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