BP PLC (BP), which is taking a near-20% stake in Russia's OAO Rosneft (ROSN.RS), is in talks with the state-controlled firm on joint offshore projects in the Arctic, BP Chief Executive Bob Dudley said Thursday in an interview with Rossiya-24 television channel.
BP PLC (BP), which is taking a near-20% stake in
Russia
's OAO
Rosneft (ROSN.RS), is in talks with the state-controlled firm on joint offshore
projects in the
Arctic
, BP Chief Executive Bob
Dudley said Thursday in an interview with Rossiya-24 television channel.
Rosneft already has partnership agreements with Exxon Mobil Corp. (XOM),
Italy
's Eni
SpA (E) and
Norway
's
Statoil ASA (STO) to develop Arctic blocks. Rosneft is taking over TNK-BP from
BP and its partners in deals worth $55 billion. BP will acquire a 19.8% stake
in Rosneft as part of the deal.
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