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.
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