Russia Creates Worlds Largest Listed Oil Major

General Sources
Thursday 21st March, 2013

Exxon Mobil . Closure of the $55 billion deal, which also gives BP a near 20 percent stake in Rosneft, was announced last year after months of on-off negotiations. It is the biggest in Russia’s corporate history. It tightens the government’s grip on the energy sector and is a victory for Rosneft chief Igor Sechin, a close confidant of Russian President Vladimir Putin, creating a business with annual production of about 4.6 million barrels of oil equivalent. “For two companies on a corporate level to conclude a big deal like this a historical moment and for us on the corporate level, this is mo…

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