Rosneft CEO: Exxon May Replace Chevron in Black Sea Project -Report

MOSCOW (Dow Jones Newswires), Sep. 13, 2011

Russian state oil company Rosneft is in talks with two companies, including Exxon Mobil, to replace Chevron as partner in the Black Sea offshore Val Shatsky field, the Interfax news agency reports Tuesday citing Rosneft Chief Executive Eduard Khudainatov.

Khudainatov also said that by the end of the year, Rosneft and Exxon Mobil will conclude drafting a plan to develop three Arctic fields in the Kara Sea. Exxon Mobil replaced BP as partner in the project two weeks ago.

Copyright (c) 2011 Dow Jones & Company, Inc.