The British group was accused of overstating its reserves to boost its share price, provoking fears that it could face the same renationalisation moves as Shells natural gas venture in Sakhalin and BPs Kovykta programme.
Siberia
Positive omens combine for courtship of Imperial Energy
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Sibir Energy, Shell rumours
By Bryce Elder and Neil Hume
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.
Copyright The Financial Times Limited 2008
Shell could join Gazprom’s liquefied gas project
Jeroen van der Veer said he had signed a protocol earlier Saturday on the establishment of a working group for Shell's participation in the project with Gazprom's CEO Alexei Miller.
