TNK-BP Might Co-Own Itera

TNK-BP applied to Russia’s Federal Antimonopoly Service and the Government Foreign Investment Control Committee, asking for a permission to buy a stake in Itera Oil & Gas Company, a source in the know of the situation told RBC.

TNK-BP’s press service reports the company is currently negotiating for a number of options in the field of its natural gas division development. Among the options considered are some joint projects with Itera, and the petitions to this extent have indeed been placed with the Federal Antimonopoly Service and the Government Foreign Investment Control Committee.

The press offices of both the FAS and Itera refused to provide any comments.

Now Itera O & G Company is currently Sverdlovsk Region’s major natural gas supplier.

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