Eurochem plans to buy new gas asset

Eurochem plans to buy 100% of Astrakhan oil and gas company (ANGK), which owns the license for the right-bank part of the Astrakhan oil and gas condensate field. The purchase should increase the provision of the chemical holding company with its own raw materials.

The Federal Antimonopoly Service of Russia has decided to prolong the consideration of the request on the purchase of 100% of the Astrakhan oil and gas company’s shares by Eurochem for two months, the RIA Novosti reported on Tuesday, referred to the Service. At the same time, the Service noted that the requested deal might lead to a limitation of competition.

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