Rosneft, Lukoil Agree to Joint Offshore-Exploration Deal
Thursday, April 21, 2011
Dow Jones Newswires
Rosneft and the country's biggest private oil producer, Lukoil, on Thursday signed a long-term cooperation deal that includes offshore exploration in Russian Arctic waters.
The two companies agreed to work together on "geological exploration in the license areas of Rosneft on Russia's shelf and development of fields already discovered," Lukoil and Rosneft said in a joint statement.
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