Russia's Gazprom to Set Up Holding Company
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Directors at Gazprom, the largest natural gas company in the world, approved the creation of an oil holding company Friday, setting the stage for the creation of a state-controlled oil and gas giant and cementing the Russian government's influence in the politically important oil sector.
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Russian gas company Gazprom rallied again Wednesday as investors said the upcoming easing of share ownership rules would make it a must-have stock in emerging markets portfolios.
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In an attempt to create a state energy leviathan, Russia's natural gas monopoly Gazprom said that it would bid for the prize assets of oil giant Yukos.
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Russian energy giant Gazprom said Tuesday it would acquire state-owned oil company Rosneft in a stock swap expected to ultimately ease restrictions on foreign investment in the world's biggest natural gas producer.
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Russian gas monopoly Gazprom with the Ukrainian oil and gas company Naftogaz reached the agreement on Wednesday on investments interaction in the International Consortium for the management and development of ...
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MOSCOW - Russia&#39;s Gazprom said on Tuesday it will bid for embattled oil firm Yukos&#39; main unit next month, as the Kremlin seeks to turn the world&#39;s biggest gas producer into a major oil player.
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The merger between state-controlled natural gas monopoly Gazprom and state-owned Rosneft Oil Company will proceed in January 2005 as planned.
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The state oil company Zarubezhneft announced Wednesday it would most likely be folded into natural gas monopoly Gazprom, a move that lays the foundation for a state-controlled energy giant and increases foreign investors' access to its shares.
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The Russian gas giant Gazprom declared Wednesday it would bid for a major oil production subsidiary of the embattled oil company Yukos when the subsidiary is auctioned off by the government on Dec.19.
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MOSCOW  - The nascent petroleum division of natural gas giant Gazprom will bid for the crown jewels of the battered Yukos oil empire, its chief said Tuesday - a widely anticipated move that could put the heart of the company jailed billionaire Mikhail Khodorkovsky created in Kremlin-friendly hands.
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MOSCOW : Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world&#39;s largest gas producer.
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RBC, 19.11.2004, Moscow 17:06:44.Gazprom will cooperate with India-based Gas Authority of India Limited (GAIL) focusing on energy supplies to this country.
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Russian gas export monopoly Gazprom  plans to buy around 50 percent of the Shell-led Sakhalin-2 oil  and gas project for cash and assets, its chairman, Dmitry  Medvedev, said on Tuesday.
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British energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars (669 million euros).
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MOSCOW  - State gas giant Gazprom will take part in the Dec. 19 auction of Yukos unit Yuganskneftegaz, the head of the monopoly's new oil division said Tuesday.
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Russia looks ready to sell the key production unit of beleaguered oil group YUKOS on Sunday and put it back in state hands after almost a decade under private management.
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The main asset of Yukos, the crippled Russian oil company, will not be integrated into Gazprom, the state gas monopoly, but will remain as a separate state-controlled group, the Russian government said on Wednesday.