Government Orders Sale of Wintershall Dea and OMV Stakes in Severneftegazprom to SOGAZ
Russian Prime Minister Mikhail Mishustin has signed an order to sell stakes to SOGAZ in companies established to “Russify” the joint venture between Gazprom and Germany’s Wintershall Dea and Austria’s OMV for the development of the Yuzhno-Russkoye field. According to the published government resolution, based on SOGAZ’s application dated March …
The Kremlin Did Not See the Seizure of Assets in The Decision on The Shares of Wintershall and OMV
The day before, President Vladimir Putin signed decrees depriving Wintershall and OMV of shares in two joint ventures with Gazprom. “There was and is no process of seizure,” says press secretary of the head of state Dmitry Peskov. The decrees of President Vladimir Putin, depriving Wintershall and OMV of shares …
Vladimir Putin Ordered to Deprive Wintershall and OMV of a Stake in Russian Assets
Putin signed decrees depriving Wintershall and OMV of their shares in two joint ventures with Gazprom. Putin ordered the creation of an LLC to manage the Yuzhno-Russkoye and sections of the Achimov deposits of the Urengoy oil and gas condensate field; SOGAZ and Gas Technologies are offered to acquire shares …