Russian oil at top of investment list: Franklin Templeton

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"Russia is at the top of our investment list these days, resources companies and the oil companies in particular," Mobius says, speaking to Investment Week.

Deepening investment within these sectors has proved problematic for major investors such as BP this year, whose deal to explore the Arctic for oil with state-owned Rosneft collapsed. It was unable to reach an agreement with the co-owners of its existing Russian joint venture TNK-BP.

Mobius, however, says he has drawn positive conclusions

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