Energy Ministry posts investment figures

The volume of investments in the Russian fuel and energy sector in 2001 was 79 percent of the 2001 amount, the Energy Ministry said in the materials prepared for a meeting of the ministry's board. The volume of investments to be made this year is planned to be 708.4bn rubles ($22.38m), which is 31.6 percent more than last year. Some 3,937 new oil wells, energy facilities with a 1.206m kilowatt capacity, 884.8 kilometers of gas pipelines, 776.6 kilometers of oil pipelines and coal producing facilities with a 16.6m-ton capacity are to be put into operation this year.

In 2002 capital investments in the electrical energy sector amounted to 79.74bn rubles ($2.52bn). Electrical energy exports were 18.6bn kilowatt/hour worth $261m.