21:04 GMT11 May 2021
Listen Live
    Business
    Get short URL
    0 57
    Subscribe

    British multinational oil and gas giant BP's projects with its Russia's counterparts have not been set back by sanctions against Moscow, BP CEO Robert Dudley told reporters on margins of the CERAWeek gathering in Houston, Texas on Tuesday.

    HOUSTON (Sputnik) — Dudley pointed out that the company has been working in Russia for a long time and is committed to the relations. "It's not difficult for us," he added.

    "The projects that we have not really have been held by sanctions," Dudley said.

    BP would like to boost its collaboration with Russia, he added.

    When asked whether they have any plans to expand cooperation, Dudley said, "We'd like to."

    Dudley also noted that cooperation with Russia at present is going well.

    Dudley told reporters he and Russian Energy Minister Alexander Novak discussed plans for the upcoming St. Petersburg international forum with when the two met on Tuesday.

    "I did meet with Minister Novak and we had a nice talk this morning," Dudley said at the CERAWeek summit in Houston. "We talked about the state of the oil markets, the level of investments and we talked about the St. Petersburg forum, planning for that."

    Dudley confirmed that he will participate in the forum.

    The oil market will rebalance in 2017, he said.

    "We are planning our investments on $55 this year, could be a little higher, maybe by the end of the year," Dudley said.

    Related:

    Separate Deals for Certain OPEC States on Output Freeze Stall Talks – BP Russia
    Rosneft, BP to Start Exploration in Russia as Part of Yermak Venture Next Spring
    Brexit Will Have No Impact on BP’s Business With Russia for Years to Come
    Tags:
    BP, Britain, Russia
    Community standardsDiscussion