Licence for Rosneft

RUSSIAN authorities have signed a resolution granting an exploration and development licence to Rosneft for the Kaygansko-Vasyukanskaya-more offshore structure north- east of Sakhalin Island.

28 February 2014 2:24 GMT Updated 28 February 2014 2:24 GMT

By Bianca Bartucciotto

Rosneft will have to pay about $23.7 million for the licence.

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Licence for Rosneft