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Sep 28, 2005

Oil - Russia - Gazprom to buy Sibneft for $13bn


Gazprom aims to be a major player in oil as well as gas

UK -BBC -28 Sept 2005: -- Russian gas giant Gazprom has agreed to buy Sibneft oil company, controlled by Roman Abramovich, for $13bn (£7.4bn)... Their joint statement said a deal had been struck between state-controlled Gazprom and Millhouse Capital, which owns a majority stake in Sibneft... Millhouse Capital is an investment vehicle belonging to Mr Abramovich, who also owns Chelsea football club...

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