Tuesday May 17, 2011
LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) has made “no secret” of its interest in developing the hydrocarbon resources in the Russian Arctic, but its preference remains for investment on a project-by-project basis rather than buying stakes in local companies, Chief Executive Peter Voser said Tuesday.
“We are interested in exploring in Russia, and we have made no secret of that, ” said Voser, who was addressing shareholders at the firm’s annual general meeting.