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Being the biggest oil company in Russia, Rosneft is also the largest publicly traded company in the world based on its hydrocarbon production volume. BP holds a 19.75 % share in Rosneft which makes it a beneficiary to a broad range of existing and future projects in Russia, a country that has huge hydrocarbon resources.
There are several times that much here, said Roger Day, vice president for operations for American Shale Oil (AMSO). The Green River drilling is beginning as shale mining is booming in the U.S. and a report by the International Energy Agency predicts that the U.S. will become the world's largest oil producer by 2020.