Canadian-based upstream oil company Kulczyk Oil Ventures (to be listed on the WSE soon) is looking at Russia as a potential place for new oil exploration projects, KOV's CEO Tim Elliott told Puls Biznesu daily.
The engagement of KOV in Russia is likely, provided there is a good project and reliable Russian partner, Elliott said.
KOV's extraction licenses so far include the Ukraine, Brunei and Syria. Looking longer term, Elliott mentioned Egypt, Oman and the South-Eastern Asia as places that are very interesting from KOV business' point of view.
I thought it is an Kulczyk Investments investment, isn't it?
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