Putin expects a lot from Rosneft, Statoil deal

Russia's President- elect Vladimir Putin hopes that Rosneft-Statoil joint venture will ensure the development of a number of resource exploration-related spheres, including shipbuilding.

He stated this during a meeting with Statoil's head Helge Lund in Moscow on May 5.

Putin also praised multilateral partnership between the two companies and is sure that it will rapidly develop. He also promised support of joint projects by Russia's government.

Helge Lund has confirmed readiness for long-term strategic cooperation.

The total amount of investments in the joint projects will account for 65-100 mln dollars.

Source: Voice of Russia