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13

Gazprom, Yukos to Strike a Deal on Yukos Assets Purchase

Russian gas giant Gazprom's lawyers are back from London

Russian gas giant Gazprom's lawyers are back from London, where they negotiated on Yukos' assets purchase.

The talks were fruitful, said the gas monopoly commented. YUKOS would sell nothing before the bankruptcy trial at Russia?s court, the dismantled oil company vowed.

The negotiations to buy out from YUKOS 20 percent in Gazprom Neft, 100 percent in Arktikgaz and 49 percent in Transpetrol S.A. were held in the business-like and constructive environment, Gazprom announced yesterday.

The parties have almost agreed on the price for Arktikgaz, specified Konstantin Chuichenko, member of Gazprom?s management committee and chief of its legal department. ?We think the price offered by Gazprom for a stake in Gazprom Neft - over $2.5 billion - is fair,? the lawyer added. ?Certainly, another result of negotiations is that the parties have reached an agreement on Gazprom acquiring 49 percent in Transpetrol at the price of $105 million.?

Russneft attempted to buy the stake for the same money in February, but the government of Slovakia hasn?t sanctioned the deal so far.