MOSCOW, July 9: State-controlled Rosneft, Russia’s biggest oil producer, and British-Dutch energy major Shell signed a deal on Monday to cooperate in Russia and third countries, Rosneft said in a statement.

The agreement was signed in Moscow by Rosneft CEO Sergei Bogdanchikov and Shell CEO Jeroen van der Veer, who outlined Shell’s plans to expand operations in Russia.

Bogdanchikov said the agreement would be beneficial for shareholders.—AFP