MOSCOW, April 27 (RIA Novosti) - Gazprom Neft, the oil-producing arm of Russian energy giant Gazprom, has acquired 16.95% of Britain's Sibir Energy, which operates in Russia, the British company said on Monday.
Gazprom Neft has acquired 65.503 million ordinary shares of Sibir Energy to consolidate 16.95% of the company's shares, the British firm said.
Sibir Energy's main assets include a stake of almost 50% in the Moscow refinery and also 50% in the Salym Petroleum Development joint venture with Shell.
Gazprom Neft announced on Friday it had bought a minority stake in oil producer Sibir Energy, with the acquisition placing Gazprom's oil arm in control of some 16% of Sibir Energy, with a market value estimated at just 675.5 million British pounds ($992 million).
"Sibir Energy is a promising company with which we have been cooperating in oil processing at the Moscow Refinery," said Alexander Dyukov, Gazprom Neft board chairman.
