Major moves into Russian shale

ROSNEFT and BP have struck a deal to jointly develop Domanik shale formations in central Russia, while French major Total SA has set up a joint venture with Lukoil to explore the Bazhenov shale plays in western Siberia.

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Outside of paying for undisclosed historical exploration costs, oil major BP has agreed to provide up to $US300 million ($A324 million) of financing for exploration of Rosneft's licence blocks in the

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