Thursday 25 July 2013

Alliance Group Denies Rosneft Oil Asset Sale | Business | The Moscow Times

Alliance Group Denies Rosneft Oil Asset Sale | Business | The Moscow Times:

"Alliance Group, a Russian-based holding company with Far East aviation and natural resource assets, has denied reports that it is negotiating the sale of its oil assets to state-owned oil giant Rosneft, news reports said Thursday.

Vedomosti had previously reported that Rosneft would buy shares in the mid-sized Stockholm-registered Alliance Oil Company, as well as the Khabarovsk oil refinery, one of the largest refineries in the Far East, and Alliance Group's oil exploration joint venture with Spanish company Repsol.

Shares in a joint gas retail venture with Shell are not on the table and are likely to be purchased by Gazprom, Vedomosti reported, citing sources close to Alliance Group and the government."

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