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Russia’s gas company Itera to own 99.9% stake in Sibneftegaz

January 24, 2014, 12:15 UTC+3 MOSCOW
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MOSCOW, January 24. /ITAR-TASS/. The Federal Anti-Monopoly Service have approved a bid from Russia’s gas company Itera to buy 51% stake in Russian dynamically developing company Sibneftegaz, the watchdog said.

Thus, Itera will own 99.9 percent stake in Sibneftegaz.

The Russian second largest gas producer NOVATEK withdrew from the charter capital of OJSC Sibneftegaz on December 27, 2013, Itar-Tass reported. NOVATEK owned 51 percent stake in the company. Russian oil major Rosneft and NOVATEK have earlier signed an agreement on asset swap, under which NOVATEK will buy a stake in Russian oil and gas company SeverEnergia and Rosneft will acquire a stake in Sibneftegaz.

Sibneftegaz has licenses for three deposits: Beregovoye (explored reserves — 148.6 billion cubic meters), Pyreinoye (explored reserves — 19.3 billion cubic meters) and Khadyryakhinskoye where geological prospecting is in progress.

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