Rosneft (RNFTF.PK) and Exxon Mobil (XOM) sign final agreements establishing a joint Arctic...

|About: Rosneft Oil Company OJSC (RNFTF)|By:, SA News Editor

Rosneft (RNFTF.PK) and Exxon Mobil (XOM) sign final agreements establishing a joint Arctic Research Center in Russia and an over-arching technology sharing agreement to support the companies' joint ventures worldwide. XOM will fund the initial $200M investment in the center, with each company equally funding the next $250M.