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EU Clears Total, Novatek To Get Joint Control Of Oil, Gas Firm

EU Clears Total, Novatek To Get Joint Control Of Oil, Gas Firm
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Τρι, 20 Μαρτίου 2012 - 18:26
The European Commission Tuesday said it has cleared French energy giant Total SA (TOT) and Russia's OAO Novatek (NVTK.RS) to obtain joint control of Yamal LNG, a company that will undertake exploration and production of oil and natural gas in Russia.
The European Commission Tuesday said it has cleared French energy giant Total SA (TOT) and Russia 's OAO Novatek (NVTK.RS) to obtain joint control of Yamal LNG, a company that will undertake exploration and production of oil and natural gas in Russia .

"The operation was examined under the simplified merger review procedure," the commission said in a statement, meaning that it doesn't expect the operation to create any specific antitrust concerns.

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