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Tuesday, 02 December, 2008, 02:20 GMT | more >>

Pair push back Kovykta deal



By Upstream staff 

Gazprom and TNK-BP have agreed to postpone closing the deal which will see the Russian gas giant take control of the Kovykta gas field until December.

Gazprom said in a statement the delay had been agreed as more work should be done to value the assets. The companies had been due to close the deal within three months of the initial agreement, which was reached in June.

TNK-BP has previously valued its controlling stake in Kovykta at between $700 million and $900 million, while Gazprom has said it believes the stake is worth less.


Wednesday, 12 September, 2007, 11:54 GMT  | last updated: Wednesday, 12 September, 2007, 11:54 GMT

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