Friday, January 26, 2007. Issue 3583. Page 1.
By Andrew McChesney
Staff Writer
DAVOS, Switzerland — TNK-BP chief Robert Dudley said Thursday that he expected to reach a deal with Gazprom around the middle of this year under which his company would keep a “sufficient” stake in the giant Kovykta gas field and be actively involved in its operation.
Gazprom in turn would gain a potentially large stake in the $20 billion project in exchange for cash, assets or something else of value that reflected TNK-BP’s investment into the field, Dudley said in an interview at the World Economic Forum in Davos.