New York, Sept 27: Russian President Vladimir Putin today pledged to develop the transport infrastructure that would enable Russia to become a major oil exporter to the United States. At a meeting with senior business executives at the New York Stock Exchange, the Russian leader said his country's booming oil output could supply 10 per cent of US crude imports within five to seven years. "According to some estimates, Russian oil supplies within the next five to seven years could account for more than 10 per cent of US oil imports," he said. "We are thinking about this and how to develop the transport infrastructure to resolve this, and I believe it is a perfectly achievable aim," Putin added.
Stating that both countries stood to gain immense benefits from their energy partnership, the Russian President said, "Russia gets access to a wider market and investment, and your energy market will become more stable and predictable. In today's not very stable world, to have stable energy supplies for the economy means a lot." Bureau Report