In a proposed deal with Exxon, the Russian oil company Rosneft would be given certain off-shore drilling rights, and on-land rights for fracking in Texas, in return for off-shore drilling rights above Russia in the Arctic region. Thanks to Karen Cole:

http://www.nytimes.com/2011/08/31/business/global/exxon-and-rosneft-partner-in-russian-oil-deal.html?pagewanted=1&_r=2 <http://www.nytimes.com/2011/08/31/business/global/exxon-and-rosneft-partner-in-russian-oil-deal.html?pagewanted=1&_r=2>

Another inroad for good old former Standard Oil to realize their dream of absolute world oil rights. Let's see if they corner Rosneft into a position for take-over...

Natalia
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