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Archive for January 26th, 2007

Russia’s Continental Divide

Russian President Vladimir V. Putin is exploring a plan to cede control of the vast gas and oil fields on the Russian continental shelf to state-controlled companies Gazprom and Rosneft.
If a proposal now under discussion at the Kremlin becomes law, it would prohibit foreign companies like Exxon Mobil and Chevron from acquiring majority stakes in [...]

Friday, January 26th, 2007

Russia backs Indian interest in Sakhalin-III

Russia backed India's interest in the Sakhalin-III oil exploration block, though no official offer has been made yet.
India is keen on bagging the field, off Russia's Pacific coast, and there has been a forward movement in the talks during the ongoing visit of Russian President Vladimir Putin on this issue, well-placed sources said.
The issue of [...]

Friday, January 26th, 2007

Foreigners to face tougher procedure to access Russian shelf

The procedure by which foreign investors gain access to the Russian continental shelf will be toughened, the Russian natural resources minister said Thursday.
"As these are strategic interests, a tougher procedure will be introduced to grant foreigners access to the shelf," Yury Trutnev told journalists.
A respected Russian business daily said Monday that all gas and oil [...]

Friday, January 26th, 2007

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