"In 2021, the volume of private investments of companies in geological exploration for hydrocarbon raw materials is expected to reach 300 billion rubles with a subsequent growth of about 5% annually," RIA Novosti quoted Kozlov as saying.
According to him, last year investments amounted to 340 billion rubles and showed an increase of 8% compared to 2019.
On December 2, Saxo Bank reported that the 2021 Energy Crisis could force governments to delay plans to phase out hydrocarbons for several years.