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Gazprom : Russia May Allow More Firms To Offshore Oil

03/28/2015 | 02:02pm US/Eastern

Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday.

In general, the access can be extended, Novak told reporters in Moscow.

An existing law stipulates that only state energy majors Rosneft and Gazprom can explore offshore fields. But Lukoil, Russias No.2 oil producer, has long called for extending access to private firms as well.


(c) 2015 SANA Provided by SyndiGate Media Inc. (, source Middle East & North African Newspapers

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