International Petroleum chairman Tony Sage said that theexplorer had secured “a binding agreement for a good sale price in difficultmarkets” even though the assets “have only been marketed for a short period”.
The explorer holds stakes in five licences in WesternSiberia and one onshore exploration block in eastern Kazakhstan.
The Russian sale is expected to complete in around a monthand the Kazakh sale in about six months, subject to shareholder and regulatoryapprovals, International Petroleum said.
Both
