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

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.