A Russian minister said the share of domestically produced oil and gas machinery could climb to 82% this year, as the sector's market value reached $3.48 billion in the first half of 2026, according to TASS.
Industry and Trade Minister Anton Alikhanov says Russia still needs to master production of 220 items of critical equipment for the sector.
Offshore Energy UK says increased government support could let Britain meet half its oil and gas needs domestically, reducing reliance on imports.
Regional governor says new international status will draw more foreign partners as forum focuses on Russian industrial development and energy security