Rosneft complains : bureaucracy prevents the company from developing Arctic shelf

Rosneft that together with Gazprom received the rights for 80% of the Russian shelf in the last two years, has faced difficulties in their development. In spite of the fact that the projects are at the stage of their preparation for launch, Rosneft complains about the complicated procedure of the documents coordination in the government. It is supported by Lukoil, which works in the Caspian Sea. Recently it talked about the same problems, but only today, when Rosneft started to struggle against them, a real chance appeared.

Rosneft’s head, Igor Sechin asked President Vladimir Putin to simplify rules of the work at the shelf . At the end of December of the last year, the state-owned company complained about “imperfection of regulatory and legal framework, which restrains the efficient and full-scale” development of offshore projects. Rosneft doesn’t like the great quantity of formal approvals from the Ministries and Departments, which it must obtain at different stages of the work. The company doesn’t comment on the letter, its representative only noted that Rosneft “works on the development of the sites it received  in accordance with schedule and in number of cases with an excess of obligations undertaken”.