Sberbank agrees US$1.3 billon Siberian oil facilities

In the acquisition, Urals has agreed to purchase a 35.3 per cent interest in a privately-owned Russian E&P company called OOO Taas-Yuriakh Neftegazodobycha (Taas) for US$440 million in cash, US$100 million in shares and US$50 million in future cash and shares plus interest.

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