Putin slams alleged dependence of Russian gas buyers on MoscowBusiness & Economy December 05, 19:21
Putin included in Time magazine’s Person of the Year shortlistWorld December 05, 19:16
Russia loses $500,000 greenhouse due to Progress spacecraft’s crashScience & Space December 05, 18:31
Russian Foreign Ministry to promote oil pipeline operator Transneft’s interests abroadBusiness & Economy December 05, 18:24
Moscow students launch campaign to collect aid for Syrian youthWorld December 05, 18:11
Uzbekistan’s President-elect thanks international monitors in RussianWorld December 05, 18:10
Second Russian female doctor dies of wounds after Aleppo shelling — ministryWorld December 05, 17:52
Gazprom explores opportunities for further legal protection of rights in UkraineBusiness & Economy December 05, 17:46
Russian holding Renova’s affiliate may invest into Hyperloop projectBusiness & Economy December 05, 17:42
MOSCOW, November 18. /TASS/. Russia’s top oil producer Rosneft is due to unveil its plan on works on the Arctic shelf with due account of Western sanctions until the end of 2014, Russian Minister of Natural Resources and Environment Sergey Donskoy said on Tuesday.
“You know the story with Exxon and other companies. Therefore, Rosneft is searching for alternative options and at least by the end of the year, our colleagues have promised to introduce their assessment on how they are going to further develop the project,” the minister said.
US energy giant ExxonMobil suspended cooperation with Rosneft on a shelf of the Kara Sea in September amid the Western sanctions. The Russian company later pledged to continue drilling on its own.
“China has announced its interest to the Arctic,” Donskoy said. “I think Rosneft has to independently choose partners out of countries which have not sanctioned Russia, and therefore here will be the final choice,” he added.
“We are ready to consider the proposals from those who are interested in participating in the project,” Donskoy said.
The sectoral sanctions imposed by the United States against Russian oil and gas companies over Moscow’s stance on developments in neighboring Ukraine prohibit US firms from supplying a considerable part of high-tech equipment for new projects.