May 25, 2011 12:40 P.M. ET
MOSCOW (Dow Jones)–Royal Dutch Shell PLC’s (RDSB) Chief Executive Peter Voser met Russia’s top energy official Wednesday to discuss joint projects on Russia’s Arctic shelf, the Black Sea and Sakhalin-3, but said the company won’t seek to swap shares with state oil champion OAO Rosneft (ROSN.RS).
The meeting between Voser and Deputy Prime Minister Igor Sechin, who oversees the oil and gas sector, came two days after Russian Energy Minister Sergei Shmatko said he doesn’t expect state-controlled oil giant OAO Rosneft (ROSN.RS) and BP PLC (BP) to revive their strategic alliance after it was blocked by BP’s existing Russian partners, a group of Soviet-born billionaires known as AAR.