Renewed investor interest in Russian oil and gas assets: challenges and opportunities

15 June 2012, 1 - 5 PM CET TUSIAD Avenue des Gaulois, 13, Brussels 1040 The door to investing in Russia that seemed to have only had a slight crack in it has opened a lot wider. Russian President Putin recently announced new measures aimed at boosting activity in Russia's offshore which, he said, would hopefully attract investment of as much as $500 billion in the country's waters over the next 30 years. Recent moves announced by the Russian government could possibly create upstream opportunities that didn't previously exist.  Not only did the Kremlin announce a raft of tax incentives for future exploration and allow more companies -- including private firms and international operators -- to gain access to offshore blocks, but Rosneft finalized two huge strategic offshore pacts with US major ExxonMobil and Italy's Eni. During the meeting on June 15, Prof. Zolotukhin shed light on what this new move could mean for investors and responded to questions on how in practical terms Moscow could better treat IOCs. Presentation: Speakers: Prof. Anatoly Zolotukhin Vice-President, World Petroleum Council;
Vice-Rector for International Affairs, Gubkin Russian State University of Oil and Gas — National Research University;
Professor of Arctic Offshore Petroleum Engineering, Stavanger University, Norway Moderator: Dr. Marat Terterov