Rosneft, Eni To Sign Arctic Oil, Gas Deal - Reuters

Date : 04/25/2012 @ 5:09AM
Source : Dow Jones News
Stock : Exxon Mobil Corp. (XOM)
Quote : 83.11  0.37 (0.45%) @ 5:09PM

Rosneft, Eni To Sign Arctic Oil, Gas Deal - Reuters

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Italy's Eni SpA (E) and Russia's Rosneft (ROSN.RS) are expected Wednesday to sign an agreement to jointly explore Russian offshore oil and gas deposits in the Arctic and Black Sea, the Reuters news agency reports, citing industry sources.

The agreement will be modeled on a recent deal between Rosneft and Exxon Mobil Corp. (XOM), Reuters says, meaning the Russian company will have access to projects controlled by Eni.

Website: www.reuters.com

-London bureau, Dow Jones Newswires; resourcesdesklondon@dowjones.com

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