8. Russian Control of Resource Industries
The Houston Chronicle (E. Gismatullin, T. Prince, "RUSSIA WANTS TO ADD CONTROL IN OIL VENTURES; PUTIN ALSO SAYS NATION SHOULD HAVE MORE ACCESS IN EU," June 1, 2006) reported that Russia warned Exxon Mobil Corp., Royal Dutch Shell and BP they should cede some control of oil and natural gas projects as President Vladimir Putin tightens his grip on the industry, the world's biggest. The government should have more control of Exxon Mobil and Shell projects in Russia's Far East and in Total's Kharyaga field in north European Russia, Anatoly Ledovskikh, head of Russia's state agency for natural resource use, said Wednesday in Paris. He also said BP's Russian venture needs to strike an agreement with state-run OAO Gazprom to revive a stalled Siberian gas project.
www.nautilus.org/aesnet/2006/JUN0706/HC_RFE.pdf
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