Gazprom CEO: Kovykta Deal To Be Closed Soon

Gazprom CEO: Kovykta Deal To Be Closed Soon
dj
Τρι, 17 Ιουνίου 2008 - 03:16
The chief executive of Russia's Gazprom (GAZP.RS) Tuesday said last year's deal to buy control of the Kovykta gas field from TNK-BP Holding (TNBP.RS) will close very soon, news agency Interfax reported.
The chief executive of Russia's Gazprom (GAZP.RS) Tuesday said last year's deal to buy control of the Kovykta gas field from TNK-BP Holding (TNBP.RS) will close very soon, news agency Interfax reported.

"I think that it (the deal) will be closed in the very near future," Miller told journalists at a conference.

Last year, TNK-BP agreed to sell Gazprom a majority stake in the huge Kovykta gas field in Siberia at a heavily discounted price after coming under pressure from environmental officials for allegedly breaching the terms of its license.

That deal was signed in June 2007 but hasn't yet been finalized, sparking speculation it has faltered.

TNK-BP's Russian shareholders are now locked in a public dispute with their joint venture partner BP PLC (BP.LN), which people familiar with the matter say is tightly interwoven with disagreements over the Kovykta gas field sale.

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