Far East | Materials, extraction | Finance, business

Gazprom and TNK-BP in debate over Kovykta deal

9 Jun '09
Gazprom and TNK-BP continue debates over a possible value of the Kovykta gas deal, Gazprom reported today.

The debate reportedly goes on over Gazprom’s prospective purchase from TNK-BP of 62.8% of Rusia Petroleum, Kovykta’s project operator and licensee, and of 50% of East-Siberian Gas Company, a regional gasification operator.

Dissention lasts for two years now after a purchase agreement was inked in 2007, Gazprom says. According to the gas holding, the deal’s value can’t be more than $500-600m whereas TNK-BP reportedly wants $800-900m.

The Kovykta gas-condensate field is one of Russia’s largest. Its explored C1+C2 reserves amount to 2 trillion cu. m of gas.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content

Tags: TNK BP (71) / Gazprom (359) / Rusia Petroleum (2) / Kovykta gas field (0) /

Latest News: Far East
3 Sep '21 | Finance, business | Transport, logistics
22 Apr '21 | Materials, extraction | Technology & innovation

Feature stories

2 Aug '21
From enhancing the properties of existing materials...
24 May '21
Biophysicists have looked into the way vitally...
1 Apr '21
Search (News archive - 22744)
Marchmont Tech Solutions_ENG
Marchmont News

Latest News

20 Sep '21
One can rent a motor vehicle for a month or more, and...
17 Sep '21
Tomsk scientists and their colleagues have offered a...
15 Sep '21

Most read stories from last week

20 Sep '21
One can rent a motor vehicle for a month or more, and...