By Garfield Reynolds and Lucian Kim
Sept. 22 (Bloomberg) — OAO Rosneft, Russia’s state oil company, will win a license to explore for oil and gas at an offshore area bordering Exxon Mobil Corp.’s Sakhalin-1 project in the Pacific Ocean.
Rosneft was the only company to apply by the Sept. 14 deadline to take part in a planned auction of the license for the Lebedinsky field, said Nikolai Gudkov, a spokesman for the Natural Resources Ministry, today by phone. That means the auction will be canceled and the license awarded to Rosneft, he said.