Accessibility links

Gazprom will pay up to $900 million for the stake (ITAR-TASS) June 22, 2007 -- British oil firm BP says it has agreed to sell its stake in a vast Siberian gas field to Russian state monopoly Gazprom.


A statement from BP said Gazprom would pay up to $900 million for BP's 63 percent stake in the company that holds the license for the Kovykta gas field.

MORE: Read about it in Russian on RFE/RL's Russian Service website

The move is seen as potential step towards further tightening of the Kremlin's grip on Russia's energy reserves.


(Reuters, AP, AFP, online.wsj.com)

RFE/RL In Russian


UPDATED CONSTANTLY: Visit RFE/RL's Russian-language website, featuring news, analysis, features, streaming audio, and more, in Russian, from RFE/RL's Russian Service.


ARCHIVE

RFE/RL's English-language coverage of Russia.

XS
SM
MD
LG