Bloomberg: Rosneft discussing taking stake in Exxon Kurdish blocks

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM) reportedly is negotiating to bring Rosneft (RNFTF) into oil and gas licenses in Iraq’s Kurdistan region, as the largest U.S. and Russian oil companies forge ahead with a global alliance even amid strained relations between the two governments.

An XOM-operated venture with Rosneft at Sakhalin Island plans to begin pumping oil off Russia’s Pacific coast this year, and the two companies are working on ventures to explore the Arctic Ocean, test the potential of shale oil in Russia and pump crude in Texas.