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Sibir Energy, Shell rumours

By Bryce Elder and Neil Hume

FT Home

Published: July 24 2008 03:00 | Last updated: July 24 2008 03:00

Sibir Energy, Aim’s largest company, slipped 2.8 per cent to 630p in tandem with the oil sector. That came in spite of rumours that Shell, its partner in the Salym oilfield in Siberia, may swap its 50 per cent stake in the joint venture for Sibir equity.

Sibir’s interest in the Salym field accounts for more than half its current net asset value, according to house broker Cazenove.

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