Russian state-owned oil giant Rosneft (ROSN.RS) will pay about 5.4 billion rubles ($179.8 million) for 12 exploration licenses on the Arctic shelf, Russian regulator Rosnedra said on its website Wednesday.
Russian state-owned oil giant Rosneft (ROSN.RS) will pay about 5.4
billion rubles ($179.8 million) for 12 exploration licenses on the Arctic
shelf, Russian regulator Rosnedra said on its website Wednesday.
Russian allows only state-controlled companies--among them Rosneft and Gazprom
(GAZP.RS)--to hold offshore licenses.
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