« It’s Official: There Is Now a Civil War in Iraq - New York Times | Main | Researchers show Diebold voting machines unsecure, citizens shocked - Engadget »

July 23, 2006

Putin plans to shut out US oil giants

Is it not ironic that Bush had differences with Putin over human rights?

Link: The Observer | Business | Putin plan to shut out US oil giants.

Putin plan to shut out US oil giants

Kremlin will favour Norwegian firms to develop Barents Sea field after differences with Bush scupper Russia's bid to join WTO

Conal Walsh
Sunday July 23, 2006
The Observer

President Vladimir Putin is set to keep US oil companies out of a lucrative gas field in the latest sign of the deteriorating relationship between Moscow and Washington.

The Russian leader is expected to favour Norwegian companies and reject bids by America's Chevron and ConocoPhillips after failing to secure backing from the United States for his country's attempt to join the World Trade Organisation.

The tit-for-tat snub will be a blow to US companies scrambling for access to Russia's huge gas reserves at a time of high energy prices. It comes after Putin failed to resolve differences with US President George Bush over trade and human rights at the G8 conference in St Petersburg last week.


Posted at 12:08 PM

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83420890153ef00d834d8601269e2

Listed below are links to weblogs that reference Putin plans to shut out US oil giants:

Comments

We're better off. There's no need to couple political aims with private economic things. I don't trust Russian under Putin.

Besides, what we need are more Oil Refineries. Not one has been built in this country since the 70s. Let's get the US government to stop putting roadblocks in the way of new refineries! Not cozying up to the latest regime in Moscow.

Posted by: benning at Jul 24, 2006 7:15:50 PM

Fuck Iran Lets Nuke these fuckers!

Posted by: Fuck Iran at Aug 9, 2006 9:36:00 PM