(Bloomberg) -- OAO Lukoil agreed to help Russia's
state-run OAO Gazprom, the world's biggest natural-gas company,
develop its oil business by forming a joint venture to tap
fields from the Arctic to the Caspian Sea.
Vagit Alekperov, Lukoil's billionaire chief executive
officer, and OAO Gazprom Neft CEO Alexander Dyukov signed an
accord in Moscow today that calls for the venture to be up and
running within 90 days. Gazprom will own 51 percent of the
venture, though operational control will be split evenly.
Read more at Bloomberg Energy News
state-run OAO Gazprom, the world's biggest natural-gas company,
develop its oil business by forming a joint venture to tap
fields from the Arctic to the Caspian Sea.
Vagit Alekperov, Lukoil's billionaire chief executive
officer, and OAO Gazprom Neft CEO Alexander Dyukov signed an
accord in Moscow today that calls for the venture to be up and
running within 90 days. Gazprom will own 51 percent of the
venture, though operational control will be split evenly.
Read more at Bloomberg Energy News
1 comment:
Good article…as a matter of investment interests, people should know the full story behind Russia’s oil production, especially with the political battle-taking place until the 2008 elections. I suggest you read this report on different oil companies in Russia and their potential future growth.
http://royaldutchshellplc.com/2007/05/23/spero-news-russia-energy-profile/
Enjoy…Cheers!
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