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Russia's Gazprom, Shell agree to develop oil, gas projects jointly

Gazprom and Royal Dutch Shell have agreed to consider further cooperation in exploration and production of hydrocarbons in western Siberia and Russia's Far East, in the downstream oil products business in Russia and Europe, as well as Gazprom's participation in Shell upstream projects outside Russia, the companies said on Tuesday

Russia's Gazprom, Shell agree to develop oil, gas projects jointly

"This underscores the strong partnership our companies have built in recent years. Russia is an important area for new energy development for Shell, and I expect it will play a big role in meeting the world's growing demand for oil and gas in the years ahead," Shell CEO Peter Voser was quoted in a joint protocol as saying.


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