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Investing $500B on Oil and Gas in the Russian Arctic?
September 11, 2012 | Reuters

ExxonMobil CEO, Rex Tillerson and Rosneft CEO Igor Sechin discuss a partnership that could invest as much as $500 billion in developing oil and natural gas resources in the Russian Arctic, the Russian portion of the Arctic Ocean and the Black Sea. One of their first projects in the Arctic is expected to be on the Kara Shelf in an extension of the West Siberian Basin.


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