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. Last Updated: 07/27/2016

Sidanko Plans Appeal

MOSCOW -- Russian oil group NK Sidanko will appeal a Moscow court ruling denying it control over production company Purneftegaz, a Sidanko spokesman said Friday.


The Moscow court Thursday held that state-owned oil company NK Rosneft would maintain control of the production unit.


Different arms of the Russian government have awarded Purneftegaz to both Sidanko and Rosneft at different times during reorganization of the Russian oil industry.