UAE's Crescent, Russia's Rosneft ink deals

20 May 2010

UAE-based Crescent Petroleum has announced the signing of a strategic cooperation agreement with Russia's Rosneft to seek joint deals in the Middle East and North Africa, Reuters has reported. 'We have already identified a number of robust opportunities, and we expect to be able to announce our first joint project in the GCC region within the coming weeks,' Crescent Petroleum executive director, Badr Jafar told the news service.

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