Press Esc to close

WorldOil

World Oil News Center



Rosneft to buy out rest of Itera for $3 billion

MOSCOW -- Rosneft is buying out its partner in the gas firm Itera for $3 billion, Russian daily Kommersant reported citing people familiar with the matter.

Rosneft last fall acquired a 51% stake in Itera, seeking to expand its position as a gas producer.

Rosneft is now buying the remaining 49% from businessman Igor Makarov and his partners, Kommersant reported.

A spokeswoman for Rosneft didn' t immediately respond to a request for comment.

Rosneft became the world' s largest listed crude oil producer in March after acquiring TNK-BP in deals worth around $60 billion.

Dow Jones Newswires

05/29/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS