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Rosneft-BP deal to boost development of energy markets not only in RF, but also in world

October 22, 2012, 16:20 UTC+3

“This is a very good signal for Russian and international energy markets,” said Russian President Vladimir Putin

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NOVO-OGAREVO, October 22 (Itar-Tass) — Russian President Vladimir Putin believes that the deal between the Russian state-run oil giant Rosneft and the British oil corporation British Petroleum (BP) will contribute greatly in the development of the energy markets not only in Russia, but also in the world.

“This is a very good signal for Russian and international energy markets,” Putin said at a meeting with Rosneft CEO Igor Sechin on Monday. “This is a great deal, which is important not only for the energy sector, but also for the whole Russian economy,” he added.

Putin voiced confidence that Rosneft will succeed to establish good working relations with BP. “They (BP – Itar-Tass) have been working in our country for a long time and showed themselves in the positive way,” the president added.

Putin asked Sechin to thank all officials, who participated in the drafting of the deal, on his behalf.

For his part, Sechin noted that “the deal is historic.” He noted that this deal will go down in the history of the oil and gas sector as the third largest deal after the merger of Exxon and Mobil, Total and ELF.


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