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Wednesday, February 01, 2006

Russia won't prevent BP from boosting its hydrocarbon reserves in Russia-Putin

BRIEFLY MOSCOW. Jan 31 (Interfax) - Russia will not stand in the way of British oil company BP increasing its hydrocarbon reserves in Russia, Russian President Vladimir Putin said at a press conference in the Kremlin. "I think that BP already produces one-third of its production in Russia. This is a huge amount," he said. "Furthermore, BP's reserves in Russia are growing and the Russian government would like to see that these large resource reserves are put under the control of the joint venture TNK-BP. We will continue to go along this path," Putin said.

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