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US Shale Not in Competition With Russian Oil in Asia-Pacific - Rosneft CEO

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The Rosneft CEO said US shale oil industry will not compete with Russian fuel in the Asia-Pacific market. 20.10.2016, Sputnik International

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US Shale Not in Competition With Russian Oil in Asia-Pacific - Rosneft CEO

11:09 GMT 20.10.2016 (Updated: 14:15 GMT 15.11.2022)

Oil rigs in the Caspian Sea - Sputnik International

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The Rosneft CEO said US shale oil industry will not compete with Russian fuel in the Asia-Pacific market.

VERONA (Sputnik) — Shale oil produced in the United States will not compete with Russian oil in the Asia-Pacific region, Rosneft CEO Igor Sechin said Thursday.

"Do not forget that shale oil is primarily a resource for the US market, while predominant growth will be in the Asia-Pacific. Shale oil will not compete with us in the Asia-Pacific market," Sechin told reporters at the Eurasian Forum in Verona.