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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