Washington Pushes For Larger Share of Russian Oil Experts

Russia currently exports about 230,000 to 240,000 barrels a day, a figure U.S. Energy Secretary Bodman says should be 10 times higher.

Published: 25-May-2005

MOSCOW, May 24 - Samuel W. Bodman, United States energy secretary, met with Kremlin officials Tuesday to relay the concerns of American energy companies about Russia's investment climate, and added that Russian oil exports to the United States should be "10 times" what they are currently.

In an effort to revive flagging energy cooperation between the two countries, Mr. Bodman met with his counterpart, Russia's minister of industry and energy, Viktor B. Khristenko, and the economic development and trade minister, German O. Gref, regarding critical issues.

Among them were a long-delayed oil pipeline to Murmansk, in Russia's far North; potential joint projects in liquefied natural gas; and ways to improve the investment environment, perceived as hostile since the Russian government partly renationalized its largest private oil company, Yukos.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Visits to China, India, Malaysia and Pakistan are significant because the trip spells out the Saudi Kingdom's Look East policy, representing a new reorientation in its foreign policy that was heavily tilted toward the West.

The worst two scenarios suggest a drastic decline in output to 875,000 barrels a day by the end of 2007 and to just 520,000 a day by the end of 2008.

Bush said he envisioned a future in which a plug-in hybrid car could drive 40 miles on a lithium-ion battery, then stop at a filling station for ethanol, a fuel usually made from corn, similar to HyMotion Prius pictured below.

READER COMMENTS

blog comments powered by Disqus