BP, Rosneft sign deal to get Arctic oil
Monday, January 17, 2011 - 12:02
in Mathematics & Economics
LONDON, Jan. 17 (UPI) -- European oil giant BP has signed a joint venture with Rosneft, Russia's largest oil producer, to develop the Arctic's vast oil and gas fields. It's the first significant shares swap between a private and a state-controlled firm in the oil sector.