Rustam Minnikhanov: The issue of shale oil development requires technological approach with regard to 50 years

“Shale oil is the future of the Republic of Tatarstan, though Tatneft company seriously deals with bituminous oil today,” President of Tatarstan Rustam Minnikhanov said during the conversation with several republican media agencies at the RT Government House.

“We have enormous reserves of bituminous oil. Within the last 5-6 years Tatneft has learnt much in terms of organisation of bituminous oil production. Shale oil is our future. This issue requires technological approach with regard to 50 years,” the President said.

According to Rustam Minnikhanov, he already gave assignment to specialists to study advanced technologies in the sphere of shale oil development.

“We study most state-of-the-art technologies. At every session of OAO “Tatneftekhiminvest-holding” we try to discuss some new technology and invite specialists. We are searching for and exploring everything new that appears in the world. This is the only way to stay competitive,” the Tatarstan President said.