The US will finance a research into the potentials of gas and oil layers in the coast regions of eastern Siberia, US Energy Minister Spenser Abraham announced at a press conference in Moscow's Grand Mariott hotel on Thursday.
According to the American minister, the analysis will help define, "which of the Russian Arctic layers bears a greater potential for further development." "the East Siberian coastal region is one of the least explored and most potentially important world's oil and gas regions," Mr. Abraham said.
According to the minister, the purpose of his visit to Moscow is to promote bilateral and international cooperation in the sphere of energy and non-proliferation of nuclear materials." "We want to improve bilateral energetic cooperation, because we admit that the potential of the Russian and Caspian oil store is capable of ensuring the stability of the world's energy market." On the eve of his trip to Moscow the US Energy Minister visited Paris, where he met with French leaders, responsible for the issues of utilizing nuclear energy.
Mr. Abraham's visit to Moscow will be over on August 4.
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