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2017-07-05 12:05:00

REPSOL & GAZPROM DEAL

REPSOL & GAZPROM DEAL

FTSpain's Repsol has agreed to establish a joint venture with Russian oil company Gazprom Neft, in the latest move by a European oil and gas company to deepen co-operation with Russia despite western sanctions targeting the country's energy sector.

Gazprom Neft, the oil arm of state-run gas monopoly Gazprom, will take a 25.02 per cent stake in Repsol's Evrotek-Yugra project in western Siberia and jointly develop its seven oil exploration blocks, in a deal that gives the Spanish company access to local expertise while…

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Tags: REPSOL, GAZPROM, NEFT
Chronicle:
REPSOL GAZPROM DEAL
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