The partnership between Rosneft and BP could become the first project to successfully produce major volumes of oil in the Arctic, which would give the companies experience and comparative advantage over competitors.
The partnership between Rosneft and BP could become the first project to successfully produce major volumes of oil in the Arctic, which would give the companies experience and comparative advantage over competitors.
Valdaiclub.com interview with Clifford Kupchan, Director, Europe and Eurasia, Eurasia Group
The exchange of shares between Rosneft and BP is widely regarded as the first step of strategic partnership between the largest Russian oil company and one of the world’s energy leaders. What can be expected from this partnership?
Mr. Kupchan: The deal demonstrates growing potential for synergies between reserve-hungry international oil companies and advanced technology-hungry national oil companies. In this case, the synergy could serve as a platform for a broad and productive partnership.