Austrian oil company OMV is examining Russian President Vladimir Putin’s decree that it will lose its shares in companies developing the Yuzhno-Russkoye gas field. They say that this way they will protect their rights. Web site companies.
According to the decree signed by the President of the Russian Federation, OMV shares and shares in the Russian gas sector are transferred to new companies. As a result, the securities will be at the disposal of Sogaz and Gazprom.
Production in the Yuzhno-Russkoye field was carried out by Severneftegazprom, a company in which OMV holds a 24.99% stake. Other shareholders are Gazprom (40%) and Germany’s Wintershall (a subsidiary of BASF, 35%). After the signing of the decree, Winter Shell and OMV were deprived of their shares.
It was noted that the income from the transfer of OMV’s shares in favor of Sogaz will be transferred to a special account.
Yesterday Russian President Vladimir Putin signed decreesAccordingly, German Wintershall Dea and Austrian OMV lost their rights in companies developing the Yuzhno-Russkoye field and parts of the Achimov deposits of the Urengoyskoye field.
Previously The New York Times sort of Losses of Western companies leaving Russia.