Friday, 22 June 2007

BP's Russia unit surrenders gas field to Gazprom

(Reuters) - The sale is the culmination of years of pressure on BP's
Russian joint venture TNK-BP, which wanted to develop the huge
field to supply lucrative export markets in Asia.




Gas export monopoly Gazprom has consistently blocked these
plans, while regulators accused the Kovykta operating company,
Rusia Petroleum, of breaching its license terms.


Read more at Reuters.com Mergers News

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