Exxon-Russia oil deal unlikely to raise concerns
Source: The Oklahoman - Aug 31, 2011 at 6:33 PM
NEW YORK (AP) — An unprecedented deal that gives Russia's state-controlled oil company part-ownership of U.S. oil fields is unlikely to be scuttled by political or national security concerns for a simple reason: Russia doesn't need the oil.
In the deal between ExxonMobil and Rosneft, announced Tuesday, Exxon will spend $3.2 billion to help Rosneft explore offshore oil fields in the Russian Arctic and elsewhere in Russia.
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