Russian oil major OAO Rosneft (ROSN.RS) and Eni SpA (E) are looking into opportunities to cooperate abroad and may work in Africa together, Eni Chief Executive Paolo Scaroni told Interfax on the sidelines of the St. Petersburg International Economic Forum Friday.
Russian oil major OAO Rosneft (ROSN.RS) and Eni SpA (E) are looking into
opportunities to cooperate abroad and may work in
Africa
together, Eni Chief Executive Paolo Scaroni told Interfax on the sidelines of
the St. Petersburg International Economic Forum Friday.
"It is too early to talk about [concrete] countries in which our
cooperation is possible but we would definitely like to do business outside of
Russia
,"
he said.
He said that
Africa
may be one of the possible
regions for cooperation adding that the two companies are "actively
working" on an agreement on this.
In 2013-2014, seismic work on Russian shelf sections where the companies are
working together will begin, he also said.
"In the next five years we plan to spend $700 million to $800
million," Mr. Scaroni said.
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