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Russia's competition watchdog delays Gazprom Neft, Shell deal by 3 months

Thu, 14th Nov 2019 13:42

MOSCOW, Nov 14 (Reuters) - Russia's competition watchdog
said on Thursday it had decided to delay by three months Shell's
purchase of 9.3 billion roubles ($145.73 million) worth
of shares in a subsidiary of Russian oil producer Gazprom Neft
.

Shell is expected to buy a 50% stake in Meretoyakhaneftegaz,
a Gazprom Neft subsidiary which holds licensing rights to the
Meretoyakhinskoye oil field.
($1 = 63.8166 roubles)
(Reporting by Darya Korsunskaya and Gabrielle Tétrault-Farber;
Writing by Polina Ivanova; Editing by Jan Harvey)

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