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Putin urges Rosneft, ExxonMobil to expand cooperation in Gulf of Mexico

July 16, 2013, 9:21 UTC+3
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YUZHNO-SAKHALINSK, July 16 (Itar-Tass) - Russian President Vladimir Putin has urged Rosneft and Exxon Mobil to expand cooperation through developing joint projects in the Gulf of Mexico and in the United States.

“The Black Sea and offshore projects - there is much to be done. I am pleased that Exxon Mobil is becoming a strategic partner of the major company Rosneft. And I hope and proceed from the assumption that Rosneft will work with Exxon Mobil in other regions of the world, including in the Gulf of Mexico and in the United States,” Putin said during a video conference from the Orlan platform.

Head of Rosneft Igor Sechin and President of ExxonMobil Development Company Neil Duffin attended the meeting at the platform.

Sechin said that together with this partner company he discusses the selection of a site for the construction of an LNG plant on Sakhalin.

Duffin said that the plans with Rosneft include the construction of facilities for joint projects similar to the Orlan platform. He thanked Putin for the creation of a favourable tax regime for the implementation of projects to develop hard-to-recover oil reserves.

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