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. Last Updated: 07/27/2016

GazNeft to Buy Stake Soon

Gazprom Neft will pay for 23 percent of Sibir Energy “within days” after an ownership dispute over the stake was resolved between businessmen Shalva Chigirinsky and Ruslan Baisarov, Interfax said, citing unidentified people with knowledge of the matter.

Gazprom Neft will soon sell shares in the Russian oil producer to the city of Moscow, which will hold slightly more than 25 percent, up from 19 percent now, the news service said.

(Bloomberg)