Major Russian oil companies are not happy with the current legislation, which, in their view, does not allow them to develop joint projects, ITAR-TASS reports.
The head of the Lukoil company, Vagit Alekperov, today called for a change to the existing legislation. He added that since 2008 the law does not allow investors and project participants to renew the license on fields and joint ventures.
Alekperov stressed that legislation is the biggest issue." "We need to change the article of the law or make adjustments to it," he said.
Russian oil companies not satisfied with legislation
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