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ExxonMobil And Rosneft to Explore Energy Reserves in the Arctic, Black Sea
Apr. 18, 2012 03:51PM PST
Oil and Gas InvestingReuters reported that ExxonMobil (NYSE:XOM) and Rosneft (LSE:ROSN) plans to invest more than $500 billion to explore energy reserves in the Arctic and Black Sea.
Reuters reported that ExxonMobil (NYSE:XOM) and Rosneft (LSE:ROSN) plans to invest more than $500 billion to explore energy reserves in the Arctic and Black Sea.
As quoted in the market news:
The deal, between the world’s largest listed oil firm and the world’s top oil producing nation, was the product of nearly a year of talks and came about despite a history of mutual distrust between Washington and Moscow dating back to the Cold War and recent difficulties for other Western firms in Russia.