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Companies / Russia

BP Offers Kovykta Stake To Gazprom

February 2007 | Industry News

UK-based major BP has offered a majority stake in the giant Kovykta gas field in eastern Siberia to Russian gas monopoly Gazprom . BP's Russian joint venture TNK-BP currently has a 65% stake in Kovykta, which holds an estimated 1.9trn cubic metres (tcm) of natural gas, around 4% of Russian proven reserves.

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