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Friday, 05 December, 2008, 17:20 GMT | more >>

Gazprom eyes Lagansky stake



By Upstream staff 

Russian gas giant Gazprom may take a stake of 50% plus one share in the Lagansky licence, in the Russian sector of the Caspian Sea, after signing a call option agreement with Swedish explorer Lundin Petroleum.

Under the deal, Gazprom has the right to take the stake, Lundin said in a statement.

Separately, Lundin said it had signed an agreement with its minority partner in the licence to take a further 30% stake in Lagansky.

This would leave Lundin with an indirect 50% minus one share interest in the licence in the event Gazprom exercises its option.


Monday, 16 July, 2007, 10:26 GMT  | last updated: Monday, 16 July, 2007, 10:30 GMT

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