Gazprom Neft, the oil arm of Russia’s state gas group, and the country’s largest private gas producer Novatek, have agreed to buy Eni’s stake in a gas producer in Russia’s far north for $2.94bn.

The transaction will increase their joint stake in Severenergia from 51 to just over 80 per cent, escalating a fight with rival state oil group Rosneft over control of the company as competition among the country’s oil and gas groups grows ever more heated. (Read more… http://www.ft.com/intl/cms/s/0/ba3f4caa-5200-11e3-8c42-00144feabdc0.html#axzz2l802NPMO)

(English, Article, 2013)

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