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Dow Jones Newswires: U.S. Raps Russia for Obstructing Shell

Published: September 22, 2006 2:45 PM  

WASHINGTON (AP)–The U.S. is very concerned by recent Russian government actions threatening the revocation of permits granted to Royal Dutch Shell PLC (RDSA) for oil and gas projects, the State Department said Friday.

Spokesman Tom Casey said the actions cast doubt on Russian commitments, including those made at the Group of Eight summit this summer in St. Petersburg, Russia.

At the summit, Russia agreed to “transparent, efficient and competitive energy markets, as well as specific obligations to uphold contracts,” Casey said.

He urged Russia to abide by the commitments.

Russia’s Natural Resources Ministry said Monday it would pull the permit at Shell’s Sakhalin-2 project and would seek approval for the move from Rostekhnadzor, the state technological safety agency.

(END) Dow Jones Newswires

Copyright (c) 2006 Dow Jones & Company, Inc.

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