Rosneft, Singapore’s Keppel to form joint venture

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Russian oil critical Rosneft, Singapore’s Keppel Corp and Norwegian drilling equipment New Zealand MHWirth will set up a joint venture incorporated in Singapore.

Rosneft and a Keppel offshore element will have a 45 percent stake each in the com ny, while MHWirth command have a 10 percent stake, Keppel said in a press launch on May 19.

The com ny will set up a design and engineering center in Russia and will initially grip work related to Rosneft’s shallow water platforms.

Russian fellowships signed a host of agreements with their counter rts from ASEAN sticks this week. Sochi is currently hosting the Russia-ASEAN summit.

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