Company News: Russia's Yukos and Sibneft agree to merge

Two major transactions are furtherchanging the landscape of the Russian oil and natural gas sector.OAO Yukos and OAO Sibneft announced plans to merge into a new company that will be Russia's largest oil and natural gas company and will rank among the world's largest oil producers.The pending transaction signals the largest merger in Russia's economy, creating an international oil major that analysts predict will finance big development projects beyond Russia's borders.In the other major deal, Marathon Oil Corp. agreed to acquire Khanty Mansiysk Oil Corp. (KMOC) for $275 million, including Marathon's assumption of all of KMOC's outstanding debt obligations.New York-...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected