Rosneft to buy Alrosa gas assets for $1.38 billion

9/29/2013

Rosneft to buy Alrosa gas assets for $1.38 billion

BY JAMES MARSON

MOSCOW -- Rosneft signed a deal to acquire the gas assets of diamond miner Alrosa for $1.38 billion as it aims to become a major player in the Russian gas market.

The CEO of the two companies signed the deal, which will increase Rosneft's recoverable gas reserves by 200 Bcm, Rosneft said in a statement.

Rosneft became the world's largest listed crude oil producer after buying TNK-BP in March from BP and its partners, a group of Soviet born tycoons, in deals worth some $60 billion.

Dow Jones Newswires

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