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. Last Updated: 07/27/2016

Chevron in JV

U.S. oil major Chevron has formed a joint venture with Gazprom Neft, Interfax reported late Wednesday, citing a statement by Gazprom Neft.

Gazprom Neft, the oil subsidiary of gas monopoly Gazprom, will hold 30 percent of the venture, Interfax said. The unit will be registered in Noyabrsk in the Yamalo-Nenets autonomous district.

The report gave no further details of the venture.

Gazprom Neft was set up after Gazprom acquired Sibneft from Roman Abramovich in 2005.