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Russian Energy Czar Sees Key Role for Foreign Firms

10:10 19/04/2012

By ANGEL GONZALEZ

Russia is willing to give a prominent role to foreign companies ready to develop some of the riskiest and harshest oil fields on Earth, which are critical to maintaining the country's status as an oil superpower, energy czar Igor Sechin said Wednesday.

In an interview with The Wall Street Journal during his first visit to the U.S., Mr. Sechin, who is Russia's deputy prime minister, said that by 2030 up to 40% of Russia's oil production could come from currently untapped areas such as the Arctic Sea and Black Sea.

Read more on http://online.wsj.com/

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