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May 7, 2021

Rosneft, ExxonMobil sign strategic partnership deal

SOCHI – Russian state-controlled oil company Rosneft and U.S. energy giant ExxonMobil on Tuesday signed an agreement on strategic partnership, including Arctic shelf operations, Ria Novosti informs.

The deal was signed in the presence of Russian Prime Minister Vladimir Putin, Rosneft President Eduard Khudainatov and ExxonMobil President Neil Duffin.

“This event will be well received by global markets as new horizons will open,” Putin said at a meeting with ExxonMobil’s top executives, referring to the company’s operations in Russia’s Arctic and on its deepwater shelf.

Direct investment could amount to 500 billion rubles, he said.

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