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LONDON (Reuters) - Russia is considering allowing Western companies to own oil licenses in its Arctic waters, Energy Minister Alexander Novak was quoted as saying in Friday's Financial Times. The FT reported, without providing a full direct quote, that Novak said the proposal would allow foreign oil majors not only to operate offshore projects but also to "have access to production" and become "co-owners of the licenses". Novak was cited as saying the idea was being discussed in the energy ministry, although no final decision had been taken. ...More...