HOUSTON, March 6. /TASS/. Lifting of sanctions imposed on Russia is not expected this year but the company will keep its investments in Russia, Chief Executive Officer of UK’s BP Robert Dudley told TASS on the sidelines of CERAWEEK forum.

"I don't have any special inside about the lifting of sanctions. You know there will be a review again in July… I do not expect change in direction," Dudley said.

BP will keep its investments in Russia, he added. 

It was reported earlier BP and Russian oil major Rosneft already set up two joint ventures in Russia - Ermak Neftegaz and Taas-Yuryakh Neftegazdobycha.

Rosneft, BP and gas 

BP is ready to purchase gas from Rosneft as soon as it has an opportunity to export it, Dudley stressed:

"We have a MoU to purchase gas from Rosneft in Europe and we will be happy to do the right time Rosneft is able to export gas". 

The company is interested in trading the Russian gas in Europe, he added.