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RUSSIA

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.

Blair Price
Major moves into Russian shale

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 Orenburg...

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