Gazprom Neft Finalizes Stake Acquisition in Orenburg

Gazprom Neft has completed its purchase of a controlling stake in ZAO Gazprom Neft Orenburg, which holds the license for the Eastern part of the Orenburg Field. The 61.8% stake was valued at 3.576 billion rubles, the purchase has been approved by Gazprom and Gazprom Neft boards of directors. The company is also preparing to buy the remaining shares in ZAO Gazprom Neft Orenburg (belonging to Gazprom Dobycha Orenburg) and part of the field's infrastructure (owned by Gazprom).

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