No flights of Russian, Syrian aviation over Aleppo in last 7 days — Defense MinistryWorld October 25, 5:24
Crimea’s integration, ecology to dominate agenda of RPF forum in YaltaRussian Politics & Diplomacy October 25, 4:31
At least 48 people killed in attack at police college in PakistanWorld October 25, 3:50
Patriarch Kirill I to hold major news conference as part of Orthodox media festivalSociety & Culture October 25, 3:12
Medvedev to hold session of Presidential Council on Strategic Development on TuesdayRussian Politics & Diplomacy October 25, 1:49
Moldovan court issues warrant for arrest of opposition figureheadWorld October 25, 1:33
Ukraine’s prosecutor general seen as possible successor to President Poroshenko — MPWorld October 25, 0:23
51 ceasefire violations reported in Syria in past day — Russian reconciliation centerWorld October 24, 23:32
Two Ukrainian cities support initiative for broader status of Russian languageWorld October 24, 23:31
VIENNA, May 11. /TASS/. Russia’s Gazprom and Austria’s OMV will take one more step on the planned asset swap deal, OMV CEO Rainer Seele said Wednesday.
"We’re now at the all-time high of our negotiations, and I think it will last into the summer," he said.
According to Chief Executive Officer, the result will depend on "how the negotiation will work." "We need to have a successful result for both parties of the negotiations, so the next step I would see mainly in summer of this year," Seele said.
In September 2015, Gazprom and OMV inked the term sheet regarding an asset swap. Subject to the swap deal, OMV will acquire a 24.98% stake in the project for developing Blocks 4A and 5A of the Achimov deposits at the Urengoy oil, gas and condensate field in exchange for Gazprom’s participating interest in OMV.
On April 1, 2016 the companies signed the second agreement on the main terms of the exchange of assets, which identifies assets for participating in the transaction on the part of OMV. Particularly, OMV offered assets on the Norwegian shelf and in the North Sea for exchange.