Shell sells PUBLIC JOINT-STOCK COMPANY "GAZPROM NEFT" the half in Salym Petroleum Development

The British-Netherlands Shell plc is ready to sell Russian PUBLIC JOINT-STOCK COMPANY "GAZPROM NEFT" 50% in Salym Petroleum Development joint venture to Khanty-Mansi Autonomous District - Yugra. The relevant documents are already signed, the quarterly report of Shell testifies. To finish the transaction it is necessary to get approval of the Russian authorities. Initially agreements were reached on December 22 last year. Salym is the largest prospecting project to Khanty-Mansi Autonomous District - Yugra. There extract oil of category S1%2vs2 on Salymsky group of fields of 140 million tons...