Minister: Russia May Allow More Firms To Offshore Oil

Reuters

MOSCOW, March 27 (Reuters) - Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.

"In general, the access can be extended," Novak told reporters in Moscow.

An existing law stipulates that only state energy majors Rosneft and Gazprom can explore offshore fields. But Lukoil, Russia's No.2 oil producer, has long called for extending access to private firms as well.

(Reporting by Olesya Astakhova, Writing by Polina Devitt, Editing by Gabriela Baczynska)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Project Procurement & Contracts Advisor (Subsea Equipment)
Expertise: Contracts Engineer|Purchasing|Subsea Engineering
Location: Houston, TX
 
Contracts Coordinator
Expertise: Contracts Administration
Location: Hanover, MD
 
Contract Administrator
Expertise: Contracts Engineer
Location: Nederland, TX
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours