Russia's Rosneft signs an agreement with Italy's Eni (E -4%) to finance exploration at two...

|By:, SA News Editor

Russia's Rosneft signs an agreement with Italy's Eni (E -4%) to finance exploration at two offshore fields in the Arctic and one in the Black Sea, advancing a cooperation deal signed in April. Eni's investment will be returned from the project's cash flows once production is launched. Rosneft recently has signed a number of deals with foreign firms, including XOM and STO.