State Controlled Companies and Private Companies

: Russian legislation limits the number of enterprises that have access to offshore fields, according to Russia Today. Only state controlled companies that had at least five years of shelf drilling experience could previously access deposits in the Baltic Sea. The document published Monday lists guarantees for getting drilling licenses if the company received the right to geological exploration at the site before 2008. Until now only Russia’s two major energy companies, Rosneft and Gazprom, have met those requirements. The company said that the idea of allowing private enterprises to explore the shelf was geared towards Lukoil . In 2012, private companies such as Lukoil, Surgutneftegaz and a number of other major oil and gas companies asked Putin to expand their access to shelf exploration, pointing out that without the involvement of private companies oil exploration would slow down. Lukoil eyes return to Iran after sanctions lifted - CEOIn late April, Rosneft accused the Russian Ministry of Natural Resources of lobbying in the interest of private companies. (news.financializer.com). As reported in the news.