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BBC Monitoring Service: Shell CEO urges minister to issue Sakhalin licence, vows to observe Russian law

Published: Dec 21, 2006
Text of report by Russian news agency ITAR-TASS

Moscow, 21 December: Having assured [Minister of Natural Resources] Yuriy Trutnev that all legal requirements will be observed, Shell CEO Jeroen van der Veer asked the former “to release Sakhalin-2’s approval papers and licences in a timely fashion”.

“I would like to assure you that we will fully observe all legal requirements and in the event of any complications, we will do whatever it takes to resolve these problems jointly,” he told the minister of natural resources at a meeting in the evening.

“We would do everything possible to adhere to Russian laws in all cases and to keep everyone involved in the project happy,” the CEO said. He said that Gazprom, as a shareholder, “will help us in that”.

In his turn, the head of Gazprom’s foreign economic department, Stanislav Tsygankov, noted that market conditions alone apply to the deal.

“Its parameters correspond to the company’s market value,” Tsygankov said. “We are pleased with the purchase, however there are a few technical issues that need to be solved. We must have more detailed talks but the framework agreement is already in place,” he added

Source: ITAR-TASS news agency, Moscow, in Russian 1835 gmt 21 Dec 06

BBC Monitoring
/BBC Monitoring/ © BBC

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1 Comment on “BBC Monitoring Service: Shell CEO urges minister to issue Sakhalin licence, vows to observe Russian law”

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