Russian government to consider Lukoil's Arctic shelf proposal
MOSCOW -- The Russian government will consider Lukoil proposal to develop fields on the country's Arctic shelf, Deputy Prime Minister Arkady Dvorkovich told Kommersant daily in a recent interview.
Under current legislation, Rosneft and Gazprom are allowed to own offshore licenses and other companies can enter projects as partners with them. Lukoil and other non-state companies have petitioned the government for access to offshore deposits.
In October, Lukoil proposed investing $2.7 billion on offshore exploration in four license areas. "The numbers correspond to the government's vision," Kommersant quoted Mr. Dvorkovich as saying. He said no decision had been taken on allowing non-state companies to own offshore licenses, but that the matter would be discussed at a government meeting.
Dow Jones Newswires