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.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer