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Rosneft Spikes A Rumour

On Thursday, Rosneft published a refutation of Gazprom's statement

Rosneft Spikes A Rumour

This Wednesday Gazprom CEO Alexei Miller announced that the merger of Gazprom and state-run oil firm Rosneft was coming in force. He added that the merge will not include former Yukos unit Yuganskneftegaz, acquired by Rosneft last year. It will become a standalone state oil company.

However, on Thursday, Rosneft published a refutation of Gazprom?s statement, asserting that Yuganskneftegaz will not be a separate company.

In its press release Rosneft challenged the structure of its merger with Gazprom as presented by Miller.

The oil company said it would remain independent from the gas monopoly and transfer only certain assets in exchange for a 10.7 percent stake in Gazprom.

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