Russian oil giant Rosneft and Italy’s Eni will invest $70 billion in developing Barents Sea offshore deposits and $55 billion in Black Sea offshore production under a strategic partnership agreement signed by the companies on Wednesday.
"The two firms will invest $50-70 billion for full development in the Barents Sea and about $50-55 billion in the Black Sea,” according to preliminary forecasts, Rosneft President Eduard Khudainatov said.
The deal was signed by Khudainatov and Eni Board Chairman Paolo Scaroni in the presence of Russian Prime Minister and President-elect Vladimir Putin.
For more: Rosneft Picks Italy’s Eni For $120 Bln Offshore Projects | Business | RIA Novosti
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