Russian Prime Minister Vladimir Putin said Friday that Russia could partner in the Arctic with Royal Dutch Shell PLC (RDSA) after a share swap and oil exploration agreement with BP PLC (BP) collapsed last week.
Russian
Prime
Minister
Vladimir
Putin
said
Friday
that
Russia
could
partner
in
the
Arctic
with
Royal
Dutch
Shell
PLC (
RDSA)
after
a
share
swap
and
oil
exploration
agreement
with
BP
PLC (
BP)
collapsed
last
week.
Putin
said BP could still manage to work its way back into a deal with
Russia
's
state-held oil company OAO Rosneft (ROSN.RS).
But asked if Shell could replace BP in the deal, Putin replied: "It
could."
"We feel entirely comfortable with them as a partner," news agencies
quoted Putin as saying.
His comments came only days after Shell Chief Executive Peter Voser met in
Moscow
with
the head of Rosneft and Igor Sechin, Putin's top energy assistant who
orchestrated the original BP agreement.
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