Foreign oil and gas companies to continue to invest into Russia

Foreign oil and gas companies are not going to refuse to work in Russia, despite the risk of the introduction of international sanctions against the country.

“We are absolutely committed to out investments in Russia,” – BP’s general director Bob Dudley stated at the conference for investors in London. The company is the largest private shareholder of Rosneft (19.75%). “That year, Rosneft had good results, that’s why it’s a part of our great set of assets,” – he said. The company estimated its share in the Rosneft’s profit in 2013 at $2.058 billion, in the 4th quarter – at $901 million. In 2012, BP received dividends in the amount of $456 million.

Rosneft has three more strategic foreign partner - ExxonMobil, Eni and Statoil. It works with them on the shelf in the Chukchi, Kara, Barents, Black, ​​Okhotsk and the Laptev Seas and is going to work at fields with difficult reserves in Western Siberia and the Volga region with the American and Norwegian companies. "We are observing the situation and will make necessary steps when necessary," - said a representative of Statoil to the Vedomosti, answered for the question whether the company will refuse to work in Russia in the event of the imposition of sanctions. According to him, the current activity of Statoil in Russia hasn’t changed.