Siberia | Materials, extraction

Rosneft and Gazprom in for $1.5-2bn Tomskneft deal

28 Jul '09
Oil company Rosneft is considering selling its stake in Tomsk regional oil firm Tomskneft to another Tomskneft co-owner, oil company Gazprom Neft, Tomsk Vice-Governor Vladimir Yemeshev said today.

A memo of intent has been reportedly inked to close the deal by 2011.

According to newspaper Kommersant, analysts estimate the deals value to be between $1.5bn and $2bn.

Gazprom Neft gives no comments on the news.

Tomskneft is a leading oil firm in Tomsk Region; its 2008 net profit hit $200m.
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Locations: Tomskaya oblast

Tags: Rosneft (90) / Gazprom Neft (25) / Tomskneft (16) / Vladimir Yemeshev (0) /

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