News

ConocoPhillips invested total $6 billion in Russia

Publish date: March 15, 2006

According to ConocoPhillips chief executive James Mulva, this US energy giant invested about $6 billion in Russia.

James Mulva told an international conference on energy security in Moscow that his company’s cooperation with Russia’s no. 1 crude producer LUKoil, in which it owns a 16% stake, aimed to achieve strategic goals and would continue. Mulva said oil prices would be more unstable without Russia’s contribution to the world oil market, RIA Novosti reported. He added that Russia is a reliable energy resource supplier.

More News

All news

Facts, Figures, and Reach: An Overview of our Vilnius Office’s Activities in 2024

Throughout the past year, our mission at the Bellona Environmental Transparency Center has focused on two key, but intertwined issues—nuclear and radiation safety as Russia’s invasion of Ukraine drags on, and the worldwide influence of Rosatom, Russia’s state nuclear corporation, which itself is actively involved in the war and has participated in the occupation of a Ukrainian nuclear power plant.