icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
29 Nov, 2006 05:50

Rosneft and Gazprom form an alliance

Rosneft and Gazprom form an alliance

Russia's state-run energy giants Gazprom and Rosneft have signed a co-operation agreement to jointly explore, produce and transport oil and gas until 2015.

The companies have struck a parity deal to bid for hydrocarbon production licenses together. Under the agreement, Gazprom would buy natural gas from Rosneft.

The news comes just two weeks after Gazprom signed a joint venture agreement with Russia’s largest private oil company, Lukoil.