Oil and gas company Shell sees oportunity in extended cooperation with the Russian oil company Gazprom Neft. That said chairman Cederic Cremers of the Russian branch of Shell. Several new collaborations are being looked into. Existing projects are also being expanded.
Gazprom Neft offered Shell to participate in its projects, such as the Achimov project or oil fields on the island of Sakhalin. The Dutch-British company, in turn, invited Gazprom Neft to participate in its international projects. The Russian company says it is considering participating in Shell projects in the Middle East and North Africa. The two companies also announced the expansion of their Salym Petroleum Development partnership.
Approval is also expected in the first quarter from the Russian competition authority FAS for cooperation on the Meretoyakhaneftegaz project.