REPSOL & GAZPROM DEAL
FT - Spain'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…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.