Rosneft: To Quit UAE and Crescent Petroleum Project Due to Non Commercial Hydrocarbon Reserves?
Russia’s top oil producer Rosneft said on Tuesday it is considering quitting a gas project with UAE-based Crescent Petroleum in the emirate of Sharjah after exploration drilling failed to confirm commercial reserves. Abandoning the project would be yet another setback for Rosneft’s efforts to expand its global reach. The company …