Are you sure?

Russneft replaces Yukos with MOL

Russian oil company Russneft has become the new partner of Hungarian oil and gas company MOL Rt in ZMB, a joint venture to explore the Zapadno-Malobalykskoe oil field in Siberia, following approval by the Russian competition office, MOL announced in capital market gazette Magyar Tokepiac yesterday. Russneft replaces Russian peer Yukos, which quit ZMB in May, selling its 50% stake in the joint venture to Aleria Management, Clermon Systems, Bremon Solutions and SW Solutions, which, in turn, sold transferred the stake to Russneft. (Econews; Thurs Vg 13)