MOSCOW, March 30 (RIA Novosti)
- LUKoil to team up with Statoil to bid for oil fields in Norway
- Russian research vessel begins Arctic shelf research
- Russia to file proposal to UN in 2012 for Arctic shelf borders extension
- Gazprom prioritizes Yamal, Arctic shelf as Russia's major gas projects
Norwegian energy firm Statoil may participate in new hydrocarbon development projects in Russian Arctic shelf, President-elect Vladimir Putin said on Friday.
"I think we can come to agreement about joint work in [the country's] north ... I hope projects and decisions that will allow us to move forward will be found at corporate and state levels," Putin told Statoil President & CEO Helge Lund during a meeting.
"Decisions made at the political level must be correspondingly implemented at the commercial level," Putin said.
Russia and Norway signed a deal in September 2010 to delineate their maritime border after 40 years of negotiations. The agreement came into force in July 2011, opening new opportunities for the oil and gas industry in the northern regions.
Last December the Russian government granted exploration rights in several areas of the Barents Sea shelf to local oil giant Rosneft.
The two countries have been disputing the 175,000 square km area in the Barents Sea and Arctic Ocean since 1970. The absence of a defined maritime border often resulted in the seizure of fishing vessels in the region.
Add to blog
You may place this material on your blog by copying the link.
The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.