BP CEO: in talks with Rosneft on Russian Arctic projects
BY JAMES MARSON
MOSCOW -- BP, which is taking a near-20% stake in Russia' s Rosneft, is in talks with the state-controlled firm on joint offshore projects in the Arctic, BP Chief Executive Bob Dudley said Thursday in an interview with Rossiya-24 television channel.
Rosneft already has partnership agreements with ExxonMobil, Italy' s Eni and Norway' s Statoil to develop Arctic blocks. Rosneft is taking over TNK-BP from BP and its partners in deals worth $55 billion. BP will acquire a 19.8% stake in Rosneft as part of the deal.
Dow Jones Newswires