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Gazprom goes behind BP's back.(oil and gas exploration in Siberia)(Brief Article)

FSU Energy

| May 24, 2002 | COPYRIGHT 2003 Argus Media Inc. (Hide copyright information)Copyright

Gazprom chief executive Alexei Miller has discussed the possibility of creating a joint venture with Russian shareholders in Rusia Petroleum, which is operator of the 1.8bn [m.sup.3] Kovykta gas field in eastern Siberia.

Miller met representatives of Tyumen Oil (TNK), which owns 27pc of Rusia, and the Irkutsk regional administration, whose 11pc stake is managed by BP. A senior Gazprom official confirms to Argus that the gas giant wants a leading role in the project, but he was unable to explain how Gazprom, which lacks funds for new projects, intends to pay its way. TNK suggests the gas giant could exchange assets in other gas projects and possibly even pipelines for …

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