Russia, Shell discuss Arctic shelf projects

By ALEXANDER KOLYANDR And JACOB GRONHOLT-PEDERSEN

Royal Dutch Shell PLC Chief Executive Peter Voser met Russia’s top energy official Wednesday to discuss joint projects on Russia’s Arctic shelf, the Black Sea and Sakhalin-3, but he said the company won’t seek to swap shares with state oil champion OAO Rosneft.

The meeting between Mr. Voser and Deputy Prime Minister Igor Sechin, who oversees the oil-and-gas sector, came two days after Russian Energy Minister Sergei Shmatko said he doesn’t expect Rosneft and BP PLC to revive their strategic alliance after it was blocked by BP’s existing Russian partners, a group of Soviet-born billionaires known as AAR.

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