Natural resources on the Russian continental shelf: Foreign investors sought… on Russian terms
Natural resources on the Russian continental shelf: Foreign investors sought… on Russian terms

Author(s): Iwona Wiśniewska
Subject(s): Energy and Environmental Studies, Economic policy, Environmental and Energy policy, International relations/trade
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: Russia; energy market; Rosneft
Summary/Abstract: In recent weeks, Rosneft, a Russian state-owned oil company, has signed co-operation agreements with three Western corporations: America’s ExxonMobil, Italy’s Eni, and Norway’s Statoil. In exchange for access to Russian oil fields on the continental shelf as minority shareholders, these Western investors will finance and carry out exploration there. They will also offer to Rosnieft technology transfer, staff exchange and the purchase of shares in their assets outside Russia (for example in the North Sea or in South America).

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