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Gazprom, OMV plan to close asset swap deal by year-end — official

OMV will acquire a 24.98% stake in Achimov Blocks 4A and 5A development project at the Urengoi oil and gas field in West Siberia in exchange for Gazprom’s participation in its assets

© ITAR-TASS/Alexei Pavlishak

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BERLIN, June 23. /TASS/. Gazprom and Austria’s OMV plan to close the asset swap deal by the year-end and chances are good, Deputy Chief Executive Officer of Gazprom Alexander Medvedev said on Thursday.

"I think chances are high to close everything by the year-end," Medvedev said.

Gazprom and OMV signed the term sheet on the asset swap in September 2015. OMV will acquire a 24.98% stake in Achimov Blocks 4A and 5A development project at the Urengoi oil and gas field in West Siberia in exchange for Gazprom’s participation in its assets if the deal is completed.

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