Russian gas firm Gazprom and Hungary's MOL Rt may bid together for Udmurtneft, an oil producer being sold by TNK-BP, Interfax quoted a Gazprom official as saying yesterday. Interfax quoted Gazprom's deputy CEO Alexander Ryazanov, who heads Gazprom's oil business Gazprom Neft, as saying the two firms might form a consortium to buy Udmurtneft jointly. Following a meeting of MOL CEO Zsolt Hernádi and Gazprom head Alexei Miller earlier in June, Gazprom announced in a statement that it would support MOL's efforts to expand its presence on Russia's oil producer market. MOL is bidding for a 96.9% stake in Russian peer Udmurtneft, owned by the Russian and British company TNK-BP Holding. Gazprom is also bidding for the stake through its unit Gazprom Neft, formerly called Sibillioneft. Other bidders include Russia's Rosneft, China's Sinopec and a consortium of Russia's Itera and India's ONGC. (NG 11, MH 11, Nb 15)
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.