Russia’s top oil producer Rosneft is due to unveil its plan on works on the Arctic shelf with due account of Western sanctions by the end of the year, Russian Minister of Natural Resources and Environment Sergey Donskoy said on Tuesday.
“You know the story with Exxon and other companies. Therefore, Rosneft is searching for alternative options and at least by the end of the year, our colleagues have promised to introduce their assessment on how they are going to further develop the project,” the minister said.
US energy giant ExxonMobil suspended cooperation with Rosneft on the Kara Sea shelf in September amid the Western sanctions. The Russian company later pledged to continue drilling on its own.
“China has announced its interest to the Arctic,” Donskoy said. “I think Rosneft has to independently choose partners out of countries which have not sanctioned Russia, and therefore here will be the final choice,” he added.
“We are ready to consider the proposals from those who are interested in participating in the project,” Donskoy said.
The sectoral sanctions imposed by the United States against Russian oil and gas companies over Moscow’s stance on developments in neighboring Ukraine prohibit US firms from supplying a considerable part of high-tech equipment for new projects.
First published by TASS
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