Rosneft, ExxonMobil oil giants ink Siberia exploration deal December 7, 2012 - 12:39 AMT PanARMENIAN.Net - Russian and US oil majors Rosneft and ExxonMobil signed an agreement Thursday, December 6 to jointly explore the commercial potential of oil fields in Western Siberia, a Rosneft press release said Friday, according to RIA Novosti. The two companies will create a joint venture in which Rosneft will hold 51 percent and ExxonMobil 49 percent, and exploration work, slated to start in 2013, will cover more than 6,000 square miles. The agreement was signed between Rosneft CEO Igor Sechin and ExxonMobil CEO Rex Tillerson. ExxonMobil will reportedly provide up to $300 million for the exploration, which will aim to end by 2015, the press release said. The majors also signed a declaration on environmental protection and biological conservation in Russia’s Arctic shelf, setting out measures for safer drilling by Rosneft and its partners. The agreement is the latest development since the two oil giants announced their broad cooperation last year in energy exploration.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
