FT: Russia Moots Arctic Oil Licences for West

Russia is considering a proposal that would allow western companies to not only operate offshore projects in its Arctic waters but to "have access to production" and become "co-owners of the licenses," the Financial Times reported on its website Thursday, citing Alexander Novak, the country's energy minister.

No final decision has been taken, Mr. Novak told the FT. Only environmentally safe, technologically advanced and financially robust companies would qualify, the FT reported.

Copyright (c) 2012 Dow Jones & Company, Inc.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Base Manager_Operations Support
Expertise: Operations Management
Location: Washington, PA
Senior Accountant
Expertise: Accounting
Location: Houston, TX
Accounting/Financial Consultant Job
Expertise: Accounting|Financial Analyst
Location: Denver, CO
search for more jobs

Brent Crude Oil : $56.2/BBL 1.92%
Light Crude Oil : $50.41/BBL 1.87%
Natural Gas : $3.12/MMBtu 0.00%
Updated in last 24 hours