December 9th, 2010


На колу мочало

Russia may offer oil and gas deposits under production-sharing agreements after years of government opposition that culminated in Royal Dutch Shell Plc being forced to cede a controlling stake in the Sakhalin-2 project.

The agreements, which allow producers to recoup investment costs before the government gains a share of profits, may be used for hard-to-extract oil deposits or to encourage investment in poorly explored areas, Energy Minister Sergei Shmatko told Russia’s parliament today, in remarks confirmed by Irina Yesipova, his spokeswoman.