British oil major BP is interested in operations...

Speaking in the Academy of National Economy under the Government of Russia, Hayward said BP had worked for decades in offshore Arctic regions worldwide, such as the North Slope of Alaska, the Canadian Arctic and Northern Norway.

"Building on this expertise, we would certainly welcome the opportunity to deploy our technology and skills to explore and produce Arctic resources in Russia as well," he said.

Russia is claiming part of global Arctic believed to hold vast untapped oil and gas reserves. Hayward, however, referred specifically to undisputed Russian Arctic territories.

BP is present in Russia through TNK-BP, a highly lucrative 50-50 joint venture with four Russian billionaires, which accounts for about a quarter of BP"s global oil output.

TNK-BP was embroiled in a shareholder conflict until recently, in which BP and its Russian billionaire co-owners clashed over strategy, management and control of the third largest oil producer in Russia. With the

Pages: [1] 2 3