The December issue of the World of Petroleum and Bitumen
An American newspaper has claimed that Russian government officials and business executives have been negotiating the merger of the country’s largest petroleum companies to create a single producer.
According to ISNA, citing a report from The Wall Street Journal, under a potential plan, the state-owned company Rosneft would take control of Gazprom Neft and Lukoil. These negotiations have reportedly been ongoing for several months, but there is no guarantee of a final agreement, and the plans could still undergo changes.
A spokesperson for Rosneft told The Wall Street Journal that, to their knowledge, the report is inaccurate and suggested that the article might be aimed at fostering a competitive market to benefit other market players.
Similarly, a Lukoil spokesperson stated that neither the company nor its shareholders have participated in any merger discussions. Gazprom Neft and Gazprom declined to comment on the matter.
The Kremlin's spokesperson also told The Wall Street Journal that they had no knowledge of the reported negotiations.
According to Bloomberg, if such a deal were to materialize, Rosneft would become the world's second-largest petroleum producer, after Saudi Aramco.
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