Rosneft says buys into Swedish firms Russian oil assets

West Australian
Thursday 3rd October, 2013

, increasing its upstream asset base, Rosneft head Igor Sechin said on Wednesday.As part of the agreement, Rosneft and Lundin have agreed to investigate possible cooperation in the Norwegian and Russian offshore sectors, the Swedish firm said in a separate statement.Under the deal, Rosneft acquired 51 percent in Petroresurs – a joint venture of Lundin and trading house Gunvor with 70 and 30 percent respectively – which owns exploration licence for the offshore Lagansky Block, located in the north Caspian area.Lundin Petroleum will have an indirect 34.3 percent interest in the Lagansky block li…

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