ExxonMobil to spend $200m on Arctic research

US supermajor ExxonMobil will put up an initial $200 million to fund an Arctic research centre in Russia as part of of its joint venture with Rosneft to explore the frigid waters of the Kara Sea.

Signing: ExxonMobil official Sara Ortwein (L) and Rosneft president Igor Sechin establish Arctic Research Centre
Signing: ExxonMobil official Sara Ortwein (L) and Rosneft president Igor Sechin establish Arctic Research Centre
Published 12 June 2013, 20:33Updated 12 June 2013, 20:33