Gazprom neft' OAO and Royal Dutch Shell PLC Create JV for Oil Shale Production in Khanty-Mansiisk District-Interfax
Interfax reported that Gazprom neft' OAO (Gazprom Neft) and Royal Dutch Shell PLC (Shell) have created a joint venture (JV) to prospect and develop oil shale in Russia's Khanty-Mansiisk Autonomous District, Shell said in a statement. The two partners will get 50% each in the project. The JV will be registered in St. Petersburg. Salym Petroleum Development, a joint venture of Gazprom Neft and Shell, will be the operator of the project. The new JV will allow Gazprom Neft and Shell to create a competence development center on the development of oil shale in Russia and boost the technological level of Russia's oil industry.
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