By Stephen Bierman
Oct. 27 (Bloomberg) -- OAO Lukoil, Russia's largest independent oil producer, would be interested in developing the Russian offshore shelf as part of a group led by a state-owned company, Interfax reported.
Lukoil would be prepared to increase investment in searching for oil if it's allowed to participate in Russian exploration projects and licensing auctions, the news service said, citing Chief Executive Officer Vagit Alekperov.
The state has hindered spending, especially on the offshore shelf, by introducing laws governing natural-resources investment, Alekperov said today at a conference in Moscow, according to Interfax.
To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net
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