Tatneft to acquire EkoPet for $89m.

Tatneft, a Russian vertically integrated oil and gas company, agreed to acquire EkoPet, Russia's largest polyethylene terephthalate producer, for $89m. The acquisition of EkoPet will allow the most efficient implementation of the company's plans for the development of the petrochemical business and will contribute to the accomplishment of the Tatneft Group's goals to reduce greenhouse gas emissions along the entire value chain.