Sibir deal tightens Russian oil grip (Guardian Unlimited)
April 25th, 2009
Gazprom, the state-controlled oil and gas company, outbids BP for stake in troubled London-listed firm The Russian state took a stronger grip on the country’s oil industry today when Gazprom outmuscled BP to buy a 16% stake in Sibir Energy. Shares in Sibir, which has fields in Siberia but is listed in London, were suspended in February at 174p after a controversy over property deals undertaken …
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