Rosneft privatization deal is completed — KremlinBusiness & Economy December 07, 21:06
Contact Group focuses on demining, creation of new security zones in Donbass — OSCE envoyWorld December 07, 20:57
Russian Defense Ministry reports 70% of eastern Aleppo under control of Syrian armyWorld December 07, 20:21
Moscow slams Polish FM's remarks on NATO-Russia Council meeting — sourceRussian Politics & Diplomacy December 07, 20:12
IOC extends doping-related sanctions against RussiaSport December 07, 19:35
Russian oil companies back Energy Ministry proposal on limiting oil production — ministerBusiness & Economy December 07, 18:42
Syrian troops take full control over 47 quarters of eastern Aleppo — ministryWorld December 07, 18:36
Sberbank head expects oil and gas prices to continue to fallBusiness & Economy December 07, 18:26
Russian sappers start clearing eastern Aleppo from minesMilitary & Defense December 07, 18:17
MOSCOW, October 6 (Itar-Tass) - Prospects for Rosneft’s work on the shelf reach 100 years, the company’s president, Igor Sechin, said on Sunday.
“The company’s reserves are of 1.5 percent of world developed reserves. We seek to maintain international partnership in order to develop the resource potential. The work’s prospects amount to 100 years,” Sechin said.
“There is no alternative to the shelf. Totally, oil should be developed,” he said.
He believes that there is no threat to the Rosneft plans while the United States grows the extraction of shale gas due to its high net cost, which makes export impossible.
Rosneft will be committed to the highest environmental standards while working on the shelf, Sechin said.
He accused activists of the Greenpeace international environmental organisation of pursuing commercial interests.
Greenpeace activists have been accused of piracy after the attack on the “Prirazlomnaya” platform in the Pechora Sea.
“Let’s see who sponsors them,” Sechin said.