icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Clear energy policy is developing: Russian Tycoon

The Russian energy tycoon, Viktor Vekselberg, has hit out at state energy monopolies by claiming that private companies bring unique knowledge to the market.

He also outlined plans for TNK-BP in the wake of losing the massive Kovykta gas field to state gas monopoly Gazprom and his position on the state energy monopolies.

He said TNK-BP expects to invest more than $US 5 BLN this year alone, in new upstream and downstream projects but also expanding abroad.

“We see a clear policy developing in Russia's energy sector, with big state monopolies Gazprom and Rosneft on the one hand, and private companies such as TNK-BP on the other. We feel various forms of ownership should exist competing with each other to attract new technologies to develop more complicated oil and gas fields. Importantly, there must be a level playing field. As for our $US 3BLN of joint ventures with Gazprom, we are drawing up a list of potential projects. One of the first is our underdeveloped Rospan gas field subsidiary in Russia's far North,” stated Viktor Vekselberg.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts