Kulczyk Oil Ventures Mulls Exploration Projects in Russia

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.