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Gazprom Buys Kyrgyz Company

Kyrgyz Prime Minister Feliks Kulov (right) with Gazprom's chairman, Alekei Miller (file photo) (ITAR-TASS) August 4, 2006 -- Gazpromneft, the oil-producing unit of Russia's Gazprom gas monopoly, says it has acquired a 100 percent stake in Kyrgyzstan's Munai Myrza.

The oil news agency Interfax-ANI quotes a Gazpromneft statement as saying Munai Myrza operates 74 gas stations and several oil and liquefied-gas storage facilities in Kyrgyzstan.

The agency says that, following this acquisition, Gazpromneft controls one-third of Kyrgyzstan's oil-products market.