Energy
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Rosneft Takes Control of PetroRio Oil Venture

Rosneft Takes Control of PetroRio  Oil VentureRosneft Takes Control of PetroRio  Oil Venture

OAO Rosneft, Russia’s largest oil producer, has taken control of an exploration venture in the Brazilian Amazon in a deal valued at $55 million, chief executive officer Igor Sechin said. Rosneft will hold 100 percent of two onshore oil and natural gas exploration leases in the Amazon’s Solimoes Basin after buying a stake from PetroRio, Bloomberg reported.

 

Financialtribune.com