Current owners include Russian Rosneft Oil Co. and China Petroleum & Chemical Corp. Repsol is looking elsewhere after energy nationalization in Bolivia, reporting errors and extraction problems in Argentina forced the company to write down about a quarter of reserves portfolio in 2006, the FT said.
176
Repsol To Acquire Russian Stake
Repsol YPF SA, a Spanish oil company, is in advanced negotiations to buy a significant stake in Russia's Sakhalin Island oil and gas reserves...
Repsol YPF SA, a Spanish oil company, is in ``advanced negotiations'' to buy a ``significant'' stake in Russia's Sakhalin Island oil and gas reserves.
While Brufau wouldn't provide any details, unidentified industry people said the deal involves a 25 percent stake in Sakhalin III, a block in Russia's far east, according to the FT. The block has estimated reserves of about 1.2 billion barrels of oil and 9.1 trillion cubic feet of gas, the FT said.
Current owners include Russian Rosneft Oil Co. and China Petroleum & Chemical Corp. Repsol is looking elsewhere after energy nationalization in Bolivia, reporting errors and extraction problems in Argentina forced the company to write down about a quarter of reserves portfolio in 2006, the FT said.
Current owners include Russian Rosneft Oil Co. and China Petroleum & Chemical Corp. Repsol is looking elsewhere after energy nationalization in Bolivia, reporting errors and extraction problems in Argentina forced the company to write down about a quarter of reserves portfolio in 2006, the FT said.
Подпишитесь
