Russian gas firm OAO Gazprom (GAZP.RS) has sold a controlling stake in SeverEnergia--a natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA (ENEL.MI)--for $1.5 billion, Gazprom's oil arm OAO Gazprom Neft (SIBN.RS) said Wednesday.
Russian gas firm OAO Gazprom (GAZP.RS) has sold a controlling stake in
SeverEnergia--a natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA
(ENEL.MI)--for $1.5 billion, Gazprom's oil arm OAO Gazprom Neft (SIBN.RS) said
Wednesday.
Gazprom's management in September approved the sale of a 51% stake in
SeverEnergia, which includes former assets of bankrupt Yukos, to a joint
venture owned by Gazprom Neft and OAO Novatek (NVTK.RS), which is
Russia
's No.
2 gas producer.
The two companies bought the stake for $1.5 billion and also took on a debt of
$250 million, said Gazprom Neft Deputy Chief Executive Vadim Yakovlev.
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