The Board of Directors’ meeting is underway at the Gazprom Headquarters.

The Board of Directors has approved buying into a 24.9 per cent stake in Zarubezhneftegaz from Zarubezhneft and a 15 per cent stake in Zarubezhneftegaz from Stroytransgaz.

Thus, upon execution of the deals, Gazprom’s ownership interest in Zarubezhneftegaz will make up 100 per cent.

The market value of the mentioned stakes was identified by the independent appraiser Deloitte & Touche CIS.

Reference:

Zarubezhneftegaz is an operator of Gazprom’s international projects.

In order to solidify Gazprom’s standing on the international oil & gas market, Zarubezhneftegaz, acting on behalf of Gazprom, is engaged in a variety of projects that cover geological survey, field development, gas transmission system upgrading, underground gas storage capacity expansion, gas transmission & marketing.

At present, the stockholders of Zarubezhneftegaz are as follows:

• Gazprom – 60.1 per cent;
• Zarubezhneft – 24.9 per cent;
• Stroytransgaz – 15 per cent.