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IPFS News Link • Foreign Policy

Russia may ease foreign access to energy projects

09-20-2009 • Yahoo

"We will look into this issue (laws regarding foreign investment) first of all in relation to offshore exploration. We believe that state regulation creates many obstacles for exploration," Trutnev said in the resort of Sochi on the sidelines of an economic forum. The minister also blamed state-controlled energy giants Rosneft and Gazprom, which are the only two firms carrying out offshore exploration in Russia at the moment, for underinvestment.

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