10:26 GMT +324 June 2018
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    Russia to auction off 800 hydrocarbon deposits in 2006

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    MOSCOW, December 21 (RIA Novosti) - The Russian Federal Agency for Subsoil Use intends to hold 1,000 auctions next year, including 800 hydrocarbon and 200 solid mineral deposit tenders, the natural resources minister said Wednesday.

    Yury Trutnev said the 2006 budget plan for one-time payments would be 20 billion rubles (about $699 million) and that the ministry would spend 4.6 billion (about $160 million) rubles in 2006 on the construction of water facilities.

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