Russian energy firms OAO Novatek (NVTK.RS) and OAO Gazprom Neft (SIBN.RS) have increased their stake in SeverEnergia by buying out Eni S.p.A.'s (E) share in the oil and gas producer, the companies said in press releases Wednesday.
Russian energy firms OAO Novatek (NVTK.RS) and OAO Gazprom Neft
(SIBN.RS) have increased their stake in SeverEnergia by buying out Eni S.p.A.'s
(E) share in the oil and gas producer, the companies said in press releases
Wednesday.
Novatek
,
Russia
's No.
2 gas producer, now owns 59.8% of SeverEnergia, which holds production licenses
for fields in
Russia
's
Arctic
. Gazprom
Neft, the oil arm of state gas firm OAO Gazprom (GAZP.RS), now holds 40.2%.
The companies didn't give release any financial details of the deal.
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