By Country / Russia
BP Sells Stake In Russian Gas Field To Gazprom
June 22, 2007
Gazprom will pay up to $900 million for the stake (ITAR-TASS)
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.
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)