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. Last Updated: 07/27/2016

U.S. Looks to Russia for Oil

The United States wants to boost oil imports from Russia, a top U.S. energy official said in comments published Wednesday.

"The U.S. is seeking increased supplies from Russia," said Undersecretary of Energy Robert Card, in an interview with the Kommersant newspaper.

"If Russia offers a reasonable price, we will buy oil in Russia," he said.

Card is on a weeklong visit to Russia to lay the groundwork for a May summit between U.S. President George W. Bush and President Vladimir Putin, and for an upcoming meeting of energy ministers from the Group of Eight leading industrialized nations.

The United States is looking for alternative sources of oil to cut its dependence on OPEC, given the unrest in the Middle East and uncertainties over Iraq.