Russia's Rosneft says starts surveys in Arctic JV with Exxon

MOSCOW, April 4 Fri Apr 4, 2014 9:13am BST

Related Topics

Quotes

   

MOSCOW, April 4 (Reuters) - Russia's top oil producer Rosneft said on Friday it had started geophysical surveys in the eastern Arctic, advancing work with ExxonMobil despite Western sanctions over Ukraine.

Rosneft, which is not on the list of those sanctioned so far, said airplanes with special equipment would survey all six areas the two companies agreed to jointly explore, with a total area of 440,000 square metres due to assessed by the end of 2014.

The survey is required to establish the subsurface structure. (Reporting by Vladimir Soldatkin, editing by Elizabeth Piper)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.