Gazprom restructuring overseas divisions

Gazprom, Russian gas giant, is structuring its overseas business, Alexei Miller, Gazprom’s CEO, said at the Russian gas monopoly’s annual general meeting.
“We’ll soon be organising our business abroad in accordance with accepted world practice,” Miller said.
Miller said that Gazprom intended to increase its presence on the world market. The company is prospecting and exploring fields in Vietnam, India, Venezuela and Uzbekistan, he said. It is also assessing projects in Kyrgysstan, Tajikistan, Libya, Algeria, Iran and other countries.
“Our goal is a fully-integrated business -from hydrocarbons extraction to sales on new markets, including the use of new upstream capacity outside Russia,” Miller said.
Gazprom has said in its corporate journal that it was thinking of consolidating 100% of the shares in CJSC Zarubezhneftegaz, which also has OJSC Zarubezhneft and OJSC Stroitransgaz among its shareholders.

 

Category: Business