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Without waiving any of its rights, the Russian oil company decided to meet BP’s request and extend the agreement’s deadline by one month.
In so doing, Rosneft’s President Eduard Khudaynatov stressed that “the Company continues to implement the strategically important projects related to the development of the Russian Arctic off-shore.”
“We hope to see the dispute over the Russian Arctic offshore projects between TNK-BP’s Russian and British shareholders soon resolved in the international tribunals”, he said.