BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business
Green Car Congress
NOVEMBER 14, 2012
BASF and Russia’s Gazprom signed a legally binding basic agreement to swap assets of equivalent value. An additional payment of up to US$100 million will be paid contingent on the successful future development of the Vega field. Start of production is planned for 2016. This is equivalent to a total of 2.4
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