Under sanction threat, Russia turns to own, Chinese oil technology


  • World
  • Wednesday, 09 Jul 2014

MOSCOW/LONDON (Reuters) - With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.

Beamed live to the Kremlin on June 27, the event marked a major step in fulfilling the president's goal of increasing oil output, and the presence of U.S. executives seemed to support Putin's argument that Western sanctions were not hurting.

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