icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Royal Dutch Shell and Sibir in $2 Billion asset swap talks

Royal Dutch Shell and Sibir in $2 Billion asset swap talks
Royal Dutch Shell has held talks with oil firm Sibir over a $2 billion asset-swap deal.

This will allow Shell to take a big stake in the Russian company. Shell and Sibir are equal partners in oilfields in western Siberia.

According to the Britain’s Times newspaper, Shell would swap its 50% stake in the fields for an equity holding in Sibir itself. Sibir is the largest company on London’s Alternative Investment Market.

Podcasts