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2014-09-23 18:30:00

RUSSIA SANCTIONS: ASIAN INTEREST

BP STARTS PIPELINE

Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.

Donskoi told Reuters that Asian companies had signalled their interest as the United States targeted cooperation with Russia in exploring or producing oil from the Arctic offshore, deep water or shale projects. Those companies affected by the sanctions have until Sept. 26 to stop work.

"They (Asian companies) have showed their interest," Donskoi said in an interview at the Reuters Russia Investment Summit.

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Tags: RUSSIA, SANCTIONS, OIL, GAZPROM, LUKOIL, ROSNEFT, SURGUTNEFTEGAS, BASHNEFT
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