Rosneft and BP push ahead with Arctic deal

Russian energy giant Rosneft says it is pushing ahead with its alliance with BP to pursue its Arctic exploration project.

¬≠This comes despite a Swedish court ruling earlier in the week that said the alliance would conflict with BP’s other joint-Russian partnership, TNK-BP.

Rosneft chairman Igor Sechin said the deal is not dead yet, and that he is satisfied with BP as a partner.

The multi-billion-dollar share-swap between the two oil giants was signed in January to exploit the potentially huge deposits of oil and gas in Russia’s Arctic shelf.



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