OVL is in talks with Rosneft to pick up stakes in 2 blocks in East Siberia
in 2 separate deals.
Gazprom is expected to invest $55-70 billion to develop two large gas fields in East Siberia
and to build necessary pipeline infrastructure to the Chinese border.
Rosneft supplies oil to China both through a branch of the East Siberia
- Pacific Ocean (ESPO) pipeline and in transit via Kazakhstan.
He added that Rosneft's growth was mainly due to consolidation of a recently acquired firm in East Siberia
Oil giant Rosneft's CEO Igor Sechin told Putin earlier on Tuesday the Russian state oil company could invest around 1 trillion rubles in the development of East Siberia
and the Far East in the next five years, including 52 billion rubles this year.
The Ministry of Finance opposes the Energy Ministry's idea of granting a zero-rate Mineral Extraction Tax to new gas projects in the Far East and East Siberia
, Vedomosti reports this morning (16 Jan).
Furthermore, the two leaders decided to pursue joint cooperation in the fields of energy saving and environmental protection, and to move ahead with a pioneering project in which a Japanese government-affiliated corporation and a Russian oil company will jointly explore new oil fields in Irkutsk, East Siberia
They range across Europe, east to East Siberia
Shell was looking at the "whole periphery", including new areas of west Siberia, the undeveloped but remote fields of east Siberia
and the Arctic, where changes in the sea ice were making the coast much more accessible and a likely home for another LNG terminal in the future, he said.
He said the group also agreed to boost economic cooperation, such as on the East Siberia
MOSCOW - Japan's government is set to offer financial assistance for geological surveys on an oil field in East Siberia
to win Moscow's consent to build a crude oil pipeline in Japan's favor, official sources in Moscow said Friday.
MAUDE KERNS ART CENTER - Seeks artwork by teen artists for a juried competition to select 12 pieces of art to be exhibited in 2003 in Eugene's sister city, Irkutsk, in East Siberia