CROWN OIL: To Spend $147T in ‘09 for Monitoring in Russian Sites

Crown Oil and Gas Inc. says that it has to spend about US$147,000 on environmental monitoring at its three Russian licensed areas in 2009.

About US$45,000 is for the Tereshkinsky Area; about US$54,000 is for the Kikinsko-Gusikhinsky Area; and about US$48,000…

MECHEL OAO: Records $40.11M Envt’l. Capital Expenses at Dec. 31

Mechel OAO estimated the total amount of capital investments to address environmental concerns at its various subsidiaries at US$40,111,000 as of Dec. 31, 2008.

These amounts are not accrued in the consolidated financial statements until actual capital investments are made.

Moscow-based Mechel…