Gazprom Neft offers own assets in Kazakh MMG bid
Russia's Gazprom Neft will offer Kazakhstan a stake in one of its own projects in exchange for a 49% stake in Kazakh oil firm MangistauMunaiGas (MMG), a senior Gazprom Neft official said.
Gazprom Neft Deputy Chief Executive Boris Zilbermints said his company wanted to become KazMunaiGas' sole partner in MMG.
“We can offer a mirror scheme, with us holding 51% and KazMunaiGas having 49% in some of our Russian assets,” Zilbermints told reporters on Sunday.
He said Gazprom Neft, a subsidiary of Gazprom could offer KazMunaiGas one of its field in Western Siberia.
Gazprom Neft could also secure oil supplies to MMG's Pavlodar oil refinery in Northern Kazakhstan which is not connected to Kazakh oilfields, Zilbermints said.
He did not say how much Gazprom Neft could pay for the stake.
MMG has total oil reserves of 812 million tons and recoverable reserves of 194 million tons. (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.