Source Pravda.Ru

US Multinational's To invest More Into Russian Oil

US companies may invest more in the Russian oil and gas industry because President Vladimir Putin is making his country a better place to earn money, US Ambassador to Russia Alexander Vershbow said in an interview.

“We see great potential for additional investments in the energy sector,” Vershbow said. “We have a government in Moscow that now seems to get it as far as what it needs to do to attract foreign investment.”

Exxon Mobil, Royal Dutch/Shell and BP are among the foreign oil companies boosting investment in Russia, which is the world's second largest producer of oil behind Saudi Arabia. Russia is the world's largest natural gas producer and sits on almost a third of the globe's reserves of the fuel.

Russia plans to increase energy exports to the US, which is trying to cut its reliance on the Middle East after the September 11th attacks raised concerns about the reliability of supplies from the region.

©

&to=http://www.bp.kz/index.asp' target=_blank>BP

&to=http://www2.exxonmobil.com/corporate/' target=_blank>ExxonMobil

&to=http://www2.shell.com/home/Framework' target=_blank>SHELL

Comments
Putin dislikes the idea of US army bases coming to Kuril Islands
USA plays to pretend a mighty dragon that can no longer breathe fire
Brexit: The UK's misunderstanding of Democracy
Putin dislikes the idea of US army bases coming to Kuril Islands
Madrid, shame on you!
Brexit: The UK's misunderstanding of Democracy
Putin dislikes the idea of US army bases coming to Kuril Islands
Russians lose faith in their future, get ready for worse
Capital outflow from Russia sets new records
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Putin dislikes the idea of US army bases coming to Kuril Islands
Men's presence in maternity wards during childbirth considered shameful in Russia
Macron challenges Trump. French independence and croissants at stake
Russia’s sanctions against Ukraine send message to Washington
Russia sells arms to Asia to maintain peace in the world
The Amazon and the New Conquistadores
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000
Castro sued over alleged torture
Macron challenges Trump. French independence and croissants at stake
Castro sued over alleged torture
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets