Support The Moscow Times!

TNK-BP, Vekselberg in Talks

TNK-BP said it has entered talks to buy a natural gas distribution business from Viktor Vekselberg's Integrated Energy Systems.

"We are in talks to buy Gazeks," as the unit is known, Mikhail Slobodin, executive vice president of TNK-BP's gas division, told reporters Wednesday. He declined to elaborate.

Gazeks comprises 11 gas distribution companies in the Urals region, Siberia and Ukraine, according to its web site. Vekselberg is a shareholder in TNK-BP.

(Bloomberg)

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.