Minister: Asian Firms To Replace Western Energy Majors If They Leave Russia

On Friday, ExxonMobil said it would stop drilling in Russia's Arctic but had received a short extension from the U.S. Treasury Department to wind down a rig at the well beyond the 14 days outlined in the sanctions.

According to its partner - Russian state oil company Rosneft - Exxon was continuing exploration drilling on Saturday.

Confidence

Donskoi said Russia had not changed its long-term plans on hard-to-recover oil and was discussing ways to support the exploration sector.

He was confident that Western majors would remain committed to oil and gas projects in Russia after Washington imposed sanctions on Russia's leading energy companies - Russian state gas company Gazprom, its oil arm Gazprom Neft , oil majors Lukoil, Surgutneftegas and Rosneft.

"As to ... foreign companies, which work with Gazprom Neft and Gazprom - nobody has announced their intention of leaving a project," he said.

Asked whether Russia could offer stakes in Gazprom's Siberian gas deposit - Kovykta and Chayanda - to Chinese companies, Donskoi said that should be decided by Gazprom.


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