Home » World » Complete Energies of France sells stake in Russian gasoline industry to Novatek joint venture | Reuters

Complete Energies of France sells stake in Russian gasoline industry to Novatek joint venture | Reuters


On the 26th, the French energy big Total Energies declared that it would promote its stake in a Siberian fuel field in a joint venture with the Russian oil and gas huge Novatek. REUTERS / Stephan Mahe

[パリ 26日 ロイター] – Overall Energies, a main French strength company, announced on the 26th that it will provide to the business its gas fields in Siberia, which it held in a joint undertaking with Russian oil and gas huge Novatek.

Novatek will sell a 49% stake in Terneftegaz, a joint venture that operates fuel and condensate fields in Siberia. The operation is expected to near in September.

Russian President Vladimir Putin signed a decree before this thirty day period banning “hostile” buyers from providing stakes in major Russian electrical power projects, banking institutions and other firms by the close of the yr. Even so, there are some exceptions.

In accordance to Complete Energies, the sale of the Terneftegaz shares was agreed on July 18 at “economic disorders that permit the financial commitment to be recovered”. A ask for for acceptance of the transaction was despatched to the Russian authorities on the 8th of this thirty day period and, soon after acquiring the approval on the 25th, a final revenue agreement was signed with Novatek on the 26th.

A Full Energies spokesperson declined to remark on its 19.4% stake in Novatek or its future options for other Russian organizations.

The enterprise made a decision in July to promote its complete 20% stake in the Hariyaga oil industry in Russia, but in addition to Novatek, Yamal LNG (20%) and Arctic LNG2 (10%) of the liquefied pure fuel (LNG) job. . We are even now investing.

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