(Bloomberg) -- OAO Gazprom took control of BP Plc's
stake in a Siberian deposit with enough natural gas to supply
Asia for five years, as President Vladimir Putin ends foreign
ownership of Russia's biggest energy assets.
Gazprom will buy the 63 percent stake in the Kovykta field
held by BP's Russian unit TNK-BP and half of the East Siberian
Gas Co. for between $700 million and $900 million, BP said in a
statement distributed via the Regulatory News Service today.
TNK-BP has the right to buy 25 percent of Kovykta later.
Read more at Bloomberg Energy News
stake in a Siberian deposit with enough natural gas to supply
Asia for five years, as President Vladimir Putin ends foreign
ownership of Russia's biggest energy assets.
Gazprom will buy the 63 percent stake in the Kovykta field
held by BP's Russian unit TNK-BP and half of the East Siberian
Gas Co. for between $700 million and $900 million, BP said in a
statement distributed via the Regulatory News Service today.
TNK-BP has the right to buy 25 percent of Kovykta later.
Read more at Bloomberg Energy News
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