Russia 'could' partner with Shell in Arctic: Putin

27th May 2011, Comments 0 comments

Prime Minister Vladimir Putin said Friday that Russia could partner in the Arctic with the Anglo-Dutch firm Shell after a share swap and oil exploration agreement with Britain's BP collapsed last week.

Putin said the British giant could still manage to work its way back into a deal with Russia's state-held oil company Rosneft.

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 Peter Voser met in Moscow with the head of Rosneft and Igor Sechin -- Putin's top energy assistant who orchestrated the original BP agreement.

© 2011 AFP

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