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Politics : The Exxon Free Environmental Thread -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (7015)	1/14/2011 8:11:43 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 49088

14 January 2011 BP and Russia in Arctic oil deal BP has signed a joint venture with Russian energy firm Rosneft to exploit potentially huge deposits of oil and gas in Russia's Arctic shelf. The "strategic global alliance" will see the firms exchange expertise in exploring the region. As part of the deal Rosneft will take 5% of BP's shares in exchange for approximately 9.5% of Rosneft's shares. It is BP's first deal since the Deepwater Horizon spill last year, which cost it billions.