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Oleg Deripaska Wants to Enter Oil & Gas Market

While waiting for Russneft deal permission, the richest businessman in Russia fixes his eyes on another two assets in the field -Geotransgas and Urengoi Gas Company

The owner of BasEl Company has been dreaming for a long time to become one of the players on oil and gas market. His main asset must have been Russneft, but he is still waiting for Anti-Monopoly Regulation permission for this deal.

As Russian newspaper Vedomosti reported, now Deripaska's En+ Group scans Alrosa Co.'s daughter enterprises - Geotransgas and Urengoi Gas Company.

En+ Downstream Holdings Ltd. has submited an application for these companies buying to Russian Federal Antimonopoly Servise (FAS), announced FAS spokesman. Though En+ representatives do not comment on the news.

It is difficult to measure whether the deal's worth a while, but to its expediency is concern of such companies as Eurotech and TNK-BP, which have connected FAS recently, too. However, no one knows whether talks on the deal are still in progress or not.

Author: Ksenia Kochneva