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. Last Updated: 07/27/2016

Gazprom Blocked From Bid

Russia's antitrust regulator banned Gazprom from bidding for state-owned SG-Trans, the country's biggest rail transporter of liquefied petroleum gases.

Gazprom is Russia's second-largest LPG transporter with 18 percent of the market, which would rise to more than 80 percent if it acquired SG-Trans, Federal Anti-Monopoly Service deputy head Anatoly Golomolzin said Friday. Rosneft and AFK Sistema received approval to bid for the state's 100 percent stake in the rail company, RIA-Novosti reported.

Meanwhile, Finance Minister Anton Siluanov said the mineral extraction tax rate for Gazprom might be decided next week, RIA-Novosti reported.

(Bloomberg)