Putin explained satisfaction from cooperation of BP and Rosneft

Russia is satisfied with how cooperation with BP PLC and Rosneft, Russian President Vladimir Putin told at a meeting of the Russian Geographic Society.

“The desire for carbon neutrality is the correct, noble task. And I know that your company pays great attention to this and invests in research in this area. I know that your cooperation with Russian Rosneft is very successful, and capitalization is very successful. Your company, bearing due to the reserves that grow, including on the territory of the Russian Federation, has positive values. For its part, we are satisfied, as this cooperation is carried out, “the president said, turning to the head of BP Bernard Lunie. “And the fact that you consider it possible to participate in such environmental projects as maintaining the ecological state of the Volga is extremely important for us,” Putin stressed.

Bernard Luni noted that BP environmental projects enjoy support from Rosneft and its leader Igor Sechin. “Igor Ivanovich most actively supports the environmental agenda,” confirmed the President of Russia.

In February of this year, Rosneft and BP signed an agreement on strategic cooperation, which is aimed at supporting the activities of both carbon management and sustainable development companies. Companies intend to unite efforts in the development of sectoral methodologies and carbon management standards, including initiatives to reduce and prevent methane emissions, as well as the use of energy efficiency technologies. Rosneft and evaluate the prospects for new projects involving the use of renewable energy sources, the use of CO2 collection, disposal and storage technologies, as well as the development of hydrogen business.

/Media reports.