Royal Dutch Shell Plc  .com Rotating Header Image

Posts Tagged ‘Sibir’

Sibir says in talks with Shell over Russian deal

At the weekend, the Sunday Times newspaper reported that Shell and Sibir, partners in Siberia-based Salym Petroleum Development (SPD), were discussing a deal in which Shell would swap its stake in the SPD for an equity holding in Sibir itself.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell in £1billion deal with Russia oil firm

 

Times Online August 3, 2008

Shell in £1billion deal with Russia oil firm

Oil giant seeks asset-swap for stake in Sibir, its AIM-listed partner in Siberia, despite rival BP’s troubles in Moscow

ROYAL DUTCH SHELL has held preliminary talks with Sibir, the Russia-focused oil firm, about a £1 billion asset-swap deal that could see it acquire a sizeable stake in its smaller rival.

Shell and Sibir are equal partners in the Salym developments in western Siberia, estimated to hold more than 1 billion barrels of oil.

Talks have been held about a deal under which Shell would swap its 50% stake in the Salym fields for an equity holding in Sibir itself, according to industry sources.

Sibir, which has a £2.4 billion market value, is the largest company on London’s Alternative Investment Market and is expected to be promoted to the blue-chip FTSE 100 index this year. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
%d bloggers like this: