BP signs deal with Russian oil giant

BP signs deal with Russian oil giant - ABC News (Australian Broadcasting Corporation): "Oil company BP has signed a joint venture with Russia's state-run energy giant Rosneft to exploit potentially huge deposits of oil and gas in the country's Arctic region.
Scientists estimate there are five billion tonnes of oil and 10 trillion cubic metres of natural gas under the sea of the northern coast of Siberia.
The agreement means that BP and the Russian state-controlled oil giant will exploit those reserves together, if they exist."