A view of Gazprom headquarters, Moscow
Photo: Sergei
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Gazprom, Rosneft to Share Shelf Projects Pari Passu
State-run Gazprom and Rosneft will develop 50:50 the shelf fields of Russia, according to the decision made in the Kremlin January 16.
The purpose to attain, the Vedomosti daily reports, is to prevent foreign companies from getting big stakes in such fields.
Russia’s President Vladimir Putin, Industry and Energy Minister Viktor Khristenko, Economic Development Minister German Gref, Natural Resources Minister Yury Trutnev, Gazprom CEO Alexey Miller and Rosneft President Sergey Bogdanchikov were participants of that crucial gathering at the Kremlin.
The split of the shelf projects was proposed by Yury Trutnev and Viktor Khristenko and backed up by Vladimir Putin.
The Kremlin's decision makers also agreed on introducing new procedures for distributing shelf fields contracts, including replacement of tenders by contests. The basic difference, Vedomosti pointed out, is that it is not the amount offered by a bidder, which is of prime importance to choose a contractor at contests.
This action will lead to the budget losses of $3.5 billion to $4 billion, the analysts forecast. The quality of development may go down as well.
Russia’s Security Council resolved past December to set up a big state company to develop shelf fields with Gazprom, Rosneft and Zarubezhneft as its co-founders.
www.kommersant.com
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