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Gazprom Is A Favourite

Gazprom has been given the green light by Russian government

Gazprom Is A Favourite

Russian biggest natural gas producer Gazprom has been given the green light by Russian government to bid for Yuganskneftegaz.

Russian bailiffs have put up for sale Yuganskneftegaz, a key unit of Yukos, to help pay the $26 billion Yukos? tax.
After Gazprom's state-controlled board of directors approved its decision to bid for Yuganskneftegaz, the company is now said to be in talks with lenders on establishing the necessary financing.

Analysts said that Gazprom is looking to borrow up to $13.3 billion and may be intending to buy additional parts of Yukos after the Yuganskneftegaz auction.

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