Lined up: talks with Russia
Russia subsoil law up for discussion
US oil major ExxonMobil is looking to clinch new deals in Russia but sees the country's subsoil law, which limits foreigners' access to strategic fields, as the main obstacle, an executive said today.
"We are looking for new agreements to build the relationship between international oil companies and national oil companies," Neil Duffin, head of ExxonMobil's project development unit, said ahead of a meeting of US and Russian businessmen with US and Russian Presidents Barack Obama and Dmitry Medvedev.
"We want the authorities to make amendments to the subsoil law. We always have discussions around that. It is not easy but hopefully we will make some breakthrough," he added.