Putin allowed the “daughter” of “Gazprom Neft” to buy a share of Shell in the Salym project
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President Vladimir Putin signed order, which allows the Gazprom Neft structure to buy Shell’s 50% stake in the Salym project. Also, the Russian company will be able to buy from the British corporation 50% in the joint project of CJSC Khanty-Mansiysk Oil and Gas Union.
The order refers to a permit for the company GPN-Middle East Projects (a subsidiary of Gazprom Neft). It will be able to buy Shell’s stake in Salym Petroleum Development LLC (SPD, formerly Salym Petroleum Development). This joint venture was established in 1996. It owns six licenses for the fields of the Salym group (oil reserves – 140 million tons).
The news is being added.
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