Gazpromneft-Vostok: Mubadala Petroleum and the Russian Direct Investment Fund Purchase 49%
Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk Regions of Western Siberia. Further to an agreement announced on 24 …
Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund Establish a Joint Venture for Managing Assets in Western Siberia
Gazprom Neft has signed a binding agreement on the alienation of a 49-percent share in the authorised capital of Gazpromneft-Vostok — the purchasers being Mubadala Petroleum (United Arab Emirates) together with the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia). The asset-holding structure following the closing of the transaction will be Gazprom Neft 51 percent, Mubadala Petroleum 44 percent, and …
Russian Direct Investment Fund Comments on Eurasia Drilling and Schlumberger Merger
Following this morning’s announcement of Eurasia Drilling’s take private and Schlumberger’s US$1.7 billion investment in the Company post transaction, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented, “This is a real vote of confidence by a major global company in Russian growth opportunities and the fundamentals of the oil …