Russia - 06

Russia: Bridging the Gap: Rosneft Seeks to Acquire Purgaz

According to recent reports following a meeting between Igor Sechin and Aleksei Miller on 27 January, Rosneft will acquire full control over Purgaz in the coming weeks. Purgaz operates the Gubkinskoye field in the Yamal-Nenets region, and its ownership is currently split between Gazprom (51%) and Rosneft (49%). The subsidiary’s output has gradually declined in recent years, from the plateau of about 16 bcma in the 2000s to about 12.5 bcm in 2015…

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