Vladimir Putin, Russian prime minister, threw down the welcome mat to Shell, telling the Anglo-Dutch major it could participate in new offshore oil and gas projects and help Russia build LNG tankers to help globalise its gas trade.
The offer, coming days after Russia signed a gas exploration deal with Total, the French energy group, signals a growing openness in the Kremlin to international investors as foreign investment falls.
Mr Putin said Shell's help was needed to explore the remote, deep-water Sakhalin 3 and Sakhalin 4 blocks off Sakhalin Island in Russia's far east.
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