Russian oil major Gazprom Neft has agreed on terms of a sale of 49% in its unit Gazpromneft-Vostok to the United Arab Emirates’ Mubadala fund and the Russian Direct Investment Fund for $325m, Kommersant business daily reported Friday citing industry sources. The deal is expected to be finalized by early next year, according to the report.
Russian oil major Gazprom Neft has agreed on terms of a sale of 49% in its unit Gazpromneft-Vostok to the United Arab Emirates’ Mubadala fund and the Russian Direct Investment Fund for $325m, Kommersant business daily reported Friday citing industry sources. RDIF is expected to invest $14m.