Rosneft vice-president reports about possible US-Russian projects

Rosneft believes that an international forum of the largest oil exporters and importers should be created to work out new mechanisms of stabilizing world oil prices. This forum can establish a price corridor, which will enable producers and consumers to develop steadily. Collaboration of Russia and the USA is possible in four regions, Alexey Kuznetsov, vice-president of the Russian oil company, declared at the energy summit in Houston. The countries can explore oil, gas and gas condensate fields in the Barents Sea.

Moreover, Russia and the USA can cooperate in the Russian Far East exploring vast oil and gas fields and constructing pipelines and oil terminals at seaports to provide oil and liquid methane supplies to the USA and countries of the Asia Pacific region. In the Caspian Sea region Russia and the USA can solve questions concerning an increase in oil and gas production and implement projects on oil transportation and constructing infrastructure. In the Middle East and Asia the countries can implement joint projects on providing growth in oil and gas production in the region, in the event there is a decrease in political risks.

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