No Limit to Oil Investments

No Limit to Oil Investments

Russia will not limit the access to its oilfields for foreign companies despite sanctions, the country's Minister of Natural Resources and Environment Sergei Donskoi said on Wednesday. "Countries imposing sanctions have already introduced restrictions for its investors. If we impose something else, this would just be sand in the wheels," Donskoi was quoted as saying by RIA Novosti. According to the minister, a bill guaranteeing access to Russian oilfields for foreign companies will soon be considered by the government. "Today, we must create conditions for investments to continue and grow, so companies can work. We hope for the bill to be assessed this fall by the Russian government," he said. In 2014, the United States and a number of its allies imposed economic sanctions against Moscow following Crimea’s reunification with Russia.


Short URL : https://goo.gl/uanpho
  1. https://goo.gl/ciS3RY
  • https://goo.gl/pVdQfv
  • https://goo.gl/gKQMHz
  • https://goo.gl/bo4ryV
  • https://goo.gl/xkQGXj

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...