Russia prepared to let Europeans produce and export oil and gas

Nov 24, 2006 01:00 AM

Russia is prepared to let EU countries produce and transport their oil in return for appropriate economic concessions, Russian Industry and Energy Minister Viktor Khristenko told.
"Russia is prepared to grant Europeans access to Russian energy resources [in the form of oil and gas extraction and transportation] and to honour the Charter but would expect appropriate economic concessions in return," Khristenko told.

"EU countries are not currently offering equivalent assets and are trying to resolve the issue by purely political -- you could even say ideological -- pressure," Khristenko said.

Source: Interfax
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