Focus
Rosneft
The Military Gambit Behind Putin’s Arctic Ambitions for Russian Oil
The USGS has estimated that the Arctic regions contain around 130b barrels of oil and 1660t cubic feet of gas—22% of the world’s undiscovered hydrocarbon resources.
Russia’s Rosneft Buys British Petroleum Venture
British Petroleum Plc on Oct. 22 sold its 50 percent stake in TNK-BP to Rosneft, Russia’s biggest oil company. This marks the end of BP’s adventure into Russian oil exploration and production via TNK-BP.
