Sibir Energy says Gazpromneft bought stake
Sibir Energy said Monday that Russia's state-owned Gazpromneft has bought a 17 percent stake in the London-listed firm, further boosting the state's share of Russia's oil production.
Gazprom's oil producing arm, Gazprom Neft, has posted a 1Q 2010 net profit of $727 million under US GAAP.