Exxon takes BP’s place with Rosneft deal

As reported by Bloomberg, BP’s hopes for a partnership with Rosneft have now been dashed once and for all, as the state company signs a deal with ExxonMobil, which will grant Rosneft access to the US company’s North American projects in exchange for access to Arctic resources.

Exxon CEO Rex Tillerson commented on the deal: “We become global strategic partners.”

 

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