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26

Transeuro Energy to Buy Assets in Russia

Canadian oil company Transeuro Energy plans to buy assets in Russia worth $25-39 million

David Worrall, the company president, told reporters that the company wants to buy small oil production companies with assets in Russia. He said there have been preliminary talks with several companies, but did not give further details.

Transeuro Energy has oil assets in Canada, Ukraine and Armenia.

Author: Ksenia Kochneva