Gazprom Neft Makes Proposal To Chevron

Gazprom Neft has approached Chevron with an offer of a joint hydrocarbon project in Western Siberia, the company's President Aexander Dyukov told journalists today.

However, he did not go into any detail about the project. As to the possibility of a joint venture, he added that Chevron had unofficially confirmed its intention to expand cooperation with Gazprom Neft. Under the agreement, the US company has to deliver a written notice to this effect to Gazprom Neft by June 23, 2008.