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Rosneft and Exxon Mobil to Open a Joint Venture
29.12.2011 08:06
Rosneft and Exxon Mobil to Open a Joint Venture

In February 2012 the largest Russian oil company Rosneft is going to make an agreement on creating a new joint venture with the American company Exxon Mobil, said Eduard Khudainatov the President of Rosneft reports RIA News.

Mr. Khudainatov did not explain, what will be the main activity for the joint venture, but noted that the new project is rather complicated for Rosneft.

On August 30 Rosneft and Exxon Mobil executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, USA and other countries throughout the world, and to commence technology and expertise sharing activities.

Author: Irina Fomina

Tags: Rosneft Russian oil and gas industry    

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