MOSCOW/OSLO, Aug 22 (Reuters) – Russia’s top crude oil producer Rosneft will sell drilling rigs to Norway’s North Atlantic Drilling Ltd (NADL) in return for shares in the firm, going ahead with an earlier agreed deal despite sanctions over Ukraine.
Rosneft and its head Igor Sechin, a long-standing ally of Russian President Vladimir Putin, have been sanctioned by the West over Moscow’s role in the Ukraine crisis, limiting the firm’s access to international financial markets.
…read more
Source: International Business Times
