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Thursday, September 27, 2007

Tatneft and Royal Dutch Shell sign cooperation deal

RBC, 27.09.2007, London 17:57:06.Russian oil company Tatneft and British and Dutch oil company Royal Dutch Shell have signed an agreement on strategic partnership in the sphere of heavy oil extraction in Tatarstan, the Russian company's press release states. The document was signed by Shafagat Takhautdinov, Tatneft's General Director, and Chris Finlayson, Russia Country Director of Shell. According to this agreement, Tatneft and Shell Exploration Company (RF) B.V. Will compile a joint program on the development of oil fields in Tatarstan. The two companies are also projected to conduct a feasibility study at the oil fields already being developed by Tatneft. Furthermore, this cooperation will enable Tatneft and Royal Dutch Shell to purchase new licences for oil field development in Tatarstan and other Russian regions.

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