MOSCOW, September 12 (RIA Novosti) - A leading U.S. energy company has invested $500 million in exploration and production in Russia, the company head said Tuesday.
John B. Hess, chief executive officer of the Hess Corporation, a global oil and gas exploration and production company, held a working meeting Tuesday with Yury Trutnev, the head of the Russian Ministry of Natural Resources.
Hess told Trutnev about the company's results and plans of operation in Russia, the ministry said. Hess told the minister his company intends to develop its business in Russia, and eventually in East Siberia, the ministry said.
Hess Corporation acquired a 65% stake in Russian oil company Samara-Nafta in 2005.
John Hess took over the company in 1995 from his father, Leon Hess.
