Who Cares About Obama’s Sanctions?–Shell and BP Invest Big In Gazprom

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Russian sanctions are for small businesses and sissies. The big players like BP and Shell ignore them.

Originally posted on ThereAreNoSunglasses:

[SEE: BP to Pay Rosneft $750 Million for Part of Siberian Oilfield]

Gazprom and Shell’s strategic deal will help both companies tap into new markets as those in Europe become heavily subscribed

Gazprom and Royal Dutch Shell have agreed to a strategic cooperation deal at the St Petersburg International Economic Forum

Gazprom, the world’s largest extractor of natural gas, has signed a strategic deal with oil and gas producer Royal Dutch Shell. Termed The Agreement of Strategic Cooperation, a Gazprom press release claims that it will ensure cooperation between the two countries “across all segments of the gas industry, from upstream to downstream, including a possible asset swap.” The deal will help Gazprom penetrate new markets as those in Europe become saturated.