(AFP) Vladimir Putin vowed Thursday to win $500 billion in investment for Russian offshore field development over 30 years to tap the country’s full energy potential with the help of foreign expertise.
Putin outlined a broad new and largely business-friendly energy vision whose implementation will be vitalto the success of his third term as president following a wave of protests that greeted his March election win.
Russia’s president-elect promised to cancel export duties on new projects for its vast and mostly unexploited Arctic shelf and other offshore fields as an incentive for their rapid development.
