OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas giant OAO Gazprom
(GAZP.RS), and Equatorial
Guinea's national oil company GEPetrol
signed an agreement to work together on two deposits on the African country's
sea shelf, Interfax reports Friday.
Gazprom Neft could invest about $3 billion on Equatorial Guinea projects over 25
years, the newswire reported, citing Gazprom Neft Chief Executive Alexander
Dyudkov.