Sberbank to Sell Oil Assets

By The Moscow Times

Feb. 16, 2011

Sberbank Capital plans to sell 100 percent of the Dulisma oil field in East Siberia this year and 35.5 percent of the Taas-Yuryakh field, general director Ashot Khachaturyants said Wednesday.

The Dulisma field is valued at $300 million, while 100 percent of the Taas-Yuryakh field is valued between $1.5 billion and $2 billion, Khachaturyants said.

Bashneft has expressed interest in acquiring the assets, Khachaturyants said. Sberbank took over the two fields as settlement for their former owner's $630 million debt.

(Bloomberg)

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