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Announced

Shell to acquire a 50% stake in Meretoyakhaneftegaz from Gazprom Neft.

Synopsis

Royal Dutch Shell, which explores, produces and refines petroleum, agreed to acquire a 50% stake in Meretoyakhaneftegaz, a Gazprom Neft subsidiary that holds licensing rights to the Meretoyakhinskoye oil field, from Gazprom Neft. Financial terms were not disclosed.

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