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Gazprom or Royal Dutch Shell may bid for Sibir oil business

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By Neil Hume and Bryce Elder

Published: December 5 2008 02:00 | Last updated: December 5 2008 02:00

Sibir Energy , the London-listed Russian oil company, recovered some of its losses from the previous session. Traders said Gazprom or Royal Dutch Shell might be tempted to take advantage of the problems at Sibir and make an offer for its oil business.

Its shares, which halved on Wednesday on news of a deal to buy property assets from one of its largest shareholders, bounced 29.9 per cent to 52p.

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