Vladimir Putin had a meeting with Royal Dutch Shell CEO Ben van Beurden, presidential website reported.
As Ben van Beurden noted, “Two months ago we celebrated 25 years of Sakhalin Energy, a tremendously successful project with more than a hundred million tons of energy delivered to customers in the Far East and also $25 bln of revenues gone directly from the project to the Russian Federation. More than $25 bln worth of contracts being awarded to Russian contractors and partners in the supply chain.”
He also pointed out that “At the St Petersburg Economic Forum we agreed formally to extend our collaboration with Gazprom Neft in West Siberia. That will be the single biggest investment in the conventional oil and gas sector in the last five years.”
According to Ben van Beurden, “Russia is one of the key five growth countries in the world. So, over the next five years, we will be adding at least one retail station a week in order to extend our network to the country.”
Besides, “Our lubricants business is doing very well,” he said. “We are clearly the number one international player and we source almost all of our lubricants that we sell in Russia from our Russian operations.”