Rosneft and Gazprom form an alliance
![Rosneft and Gazprom form an alliance](https://mf.b37mrtl.ru/files/oldfiles/business/rosneft-and-gazprom-form-an-alliance/466e8eaba61a2.si.jpeg)
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.
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