Exxon inks Arctic tie up with Rosneft

Top US oil company Exxon Mobil and Russia's Rosneft have signed a deal to develop oil and gas reserves in the Russian Arctic. The agreement involves the fields that BP had hoped to exploit and ends the British company's chances of reviving its own collapsed deal with the Russians. Rosneft is being offered a share in a number of Exxon exploration projects in North America. ... http://www.euronews.net/