Yukos Oil Co, Russia's second oil producer, has gained control of NNGK Sakhaneftegaz, a Siberian oil company that plans to explore for crude in the region and export it to China. Yukos acquired about 20 per cent in Sakhaneftegaz during a sale of new shares to a limited number of investors.
With Yukos's affiliated companies holding additional stakes in Sakhaneftegaz, the purchase takes its control to more than 50 percent, Interfax said. Sakhaneftegaz this year has been swapping new equity for shares in its subsidiaries, Yakutgazprom and Lenaneftegaz, in which Yukos acquired 28 percent stakes last year.
Sakhaneftegaz holds an exploration license to a Siberian field with 124 million tonnes of oil reserves (909 million barrels), enough to supply France for more than a year.
The face of USA's First Lady Melania Trump after her handshake with Russian President Putin has received a lot of attention in social media
The Ukrainian government refuses to abode by its obligations, rejects a peaceful resolution of the conflict, and disregards its own people, the president said