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Business BP in Russian deal BP is joining up with Russia's state oil company Rosneft to drill in the Arctic waters of the Kara Sea.
The London-based company will take 9. 5%of Rosneft's shares and help its Moscow-based partner explore a 125,
Rosneft will get 5%of BP's ordinary shares, worth around US$8 billion. Environmentalists have protested against the deal as they grow increasingly vocal about the dangers of drilling in the Arctic.
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