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Rosneft, Gazprom to continue talks on joint shelf development

June 21, 2013, 15:21 UTC+3
Rosneft and Gazprom have already reached an agreement on how to share the biggest part of disputable licenses, according to Igor Sechin
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Photo ITAR-TASS

Photo ITAR-TASS

ST. PETERSBURG, June 21 (Itar-Tass) - Russia’s oil major Rosneft and gas giant Gazprom will continue talks on possible joint development of the disputable block of the East Siberian Sea’s Arctic shelf, Rosneft CEO Igor Sechin told reporters on the sidelines of the St. Petersburg International Economic Forum (SPIEF) on Friday.

In his words, Rosneft and Gazprom have already reached an agreement on how to share the biggest part of disputable licenses.

According to earlier reports, the sector of the East Siberian Sea is yet a subject of interest of both companies. Gazprom offered Rosneft to set up a joint venture for the development of this section of the offshore zone.

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