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Rosneft, Shell to eye joint projects

February 23, 2014, 17:13 UTC+3 SOCHI
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SOCHI, February 23, 15:26 /ITAR-TASS/. ass) - Russian state oil company Rosneft and Royal Dutch Shell will eye joint projects and draw up guidelines for future cooperation, according to Rosneft’s statement issued after a meeting of the companies’ chiefs Igor Sechin and Ben van Beurden on Sunday.

The companies ruled out any conflicts of interest with joint projects of Shell and Russia’s gas giant Gazprom.

Sechin and Beurden also pointed to reliable cooperation of their companies in the delivery of crude and petroleum products. From 2011 to 2013 Rosneft supplied around 50 million tonnes of oil to Shell. The sides also emphasized a significant potential for boosting mutually advantageous relations.

Russia had been discussing with BP and Shell the work in the Arctic and other regions of the world, Russian Deputy Prime Minister Arkady Dvorkovich said last June.

“We hope for further successful activity of BP and Shell in developing offshore fields in Russia and other regions of the world,” he said.

In 2013 Shell announced it had reached agreements with Gazprom on development of offshore fields. Shell is also the gas giant’s partner in the Sakhalin 2 oil and gas development project in Russia’s Far East.

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