The Russian government has recently increased the pressure on foreign oil companies for alleged environmental violations or failure to meet terms of production-sharing agreements. The moves have raised international concern Russia may be seeking to further increase state control over the fuel and energy sector.
Foreign Minister Sergei Lavrov today denied foreign investors were being squeezed out.
An oil field in Russia's Republic of Bashkortostan (TASS file photo)
ENERGY SECURITY is increasingly moving to the top of the EU's agenda in its dealings the outside world. A recent report identifies the European Union's main energy objectives as not just securing gas and oil deliveries from Russia, but also ensuring that it has reliable alternative sources, including in Central Asia. Nonetheless, EU officials say relations with Russia take center-stage in their thinking....(more)