Putin: Independent Firms Should Have Access To Offshore Resources
May 24 2012 - 8:21AM
Dow Jones News
Russian President Vladimir Putin said Thursday that independent
oil companies should have the right to develop offshore resources
as long as they don't sell those rights to foreign corporations,
Interfax reported.
Last month, four non-state oil companies--Bashneft (BANE.RS),
OAO Lukoil Holdings (LKOH.RS), Surgutneftegaz (SNGS.RS) and TNK-BP
(TNBP.RS) petitioned Putin to grant them access to Arctic offshore
deposits, which are now only accessible to state-owned Rosneft
(ROSN.RS) and Gazprom (GAZP.RS).
Agency website: www.interfax.ru
-By Ira Iosebashvili, Dow Jones Newswires, 7 495 232 9192;
ira.iosebashvili@dowjones.com
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