Thursday, 14 June 2007

Rosneft Offers $190 Million for Yukos's Power Assets in Southern Russia

(Bloomberg) -- OAO Rosneft, Russia's state-run oil
producer, offered to buy OAO Yukos Oil Co.'s assets in southern
Russia for 4.9 billion rubles ($190 million) after regulators
blocked the winner of a May auction from acquiring them.

Rosneft made the offer for Yukos's stakes in regional power
utilities and an oil and gas exploration unit on June 9 and is
waiting for an answer, spokesman Nikolai Manvelov said in a
phone interview from Moscow today. Yukos's bankruptcy manager
must reply to Rosneft's offer within 10 days, he said.


Read more at Bloomberg Energy News

No comments: