Rosneft Denies Reports of a Russian Oil Industry Mega-Merger ...Middle East

OILPRICE - Economy
Rosneft Denies Reports of a Russian Oil Industry Mega-Merger
source : OILPRICE ( Middle East ) () 201
Rosneft has denied reports that there were plans to consolidate the country’s biggest oil companies into one entity, the company said in a statement. Rosneft cited an “unprecedented amount of coverage in foreign media alleging imminent consolidation of assets in the Russian oil industry with a direct hint on Rosneft's intention to take over the main players in the domestic oil domain”, and went on to refer sarcastically to Igor Sechin’s “insidious intentions” of absorbing assets that Rosneft does not need. The…

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