The head of Russia's largest oil producer OAO Rosneft (ROSN.RS) said Friday it has signed an asset-swap deal with the country's No.2 producer, Novatek, the Interfax news agency reports.
The head of
Russia
's
largest oil producer OAO Rosneft (ROSN.RS) said Friday it has signed an
asset-swap deal with the country's No.2 producer, Novatek, the Interfax news
agency reports.
Igor Sechin said Rosneft will give its stake in gas producer SeverEnergia to
Novatek and in exchange will get assets that Rosneft is interested it. He
didn't elaborate.
Earlier this year Enel SpA's (ENEL.MI) sold its 40% stake in SeverEnergia to
Rosneft for $1.8 billion, despite receiving an offer from Novatek.
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