in this issue
Chemical Week Magazine :: Business & Finance :: Europe/Mideast
BASF and Gazprom agree on energy-asset swap
November 19, 2012 | —Ian Young
BASF and Gazprom (Moscow) have agreed on an asset swap, under which BASF will increase its oil and gas production in Russia and exit the gas trading and storage business. The deal was signed last week by BASF chairman Kurt Bock and Gazprom chairman Alexey Miller. The agreement is due to be completed by the end of 2013 and will be financially retroactive to 1 April 2013. The companies will, under the terms of the agreement, jointly develop two additional blocks of the Achimov formation of the Urengoi natural gas and condensate field in western Siberia...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee