Oct. 5 (Bloomberg) -- OAO Eurochem, Russia’s largest producer of nitrogen fertilizers, denied a report that it plans to acquire OOO Severneft, a natural-gas producer in the country’s Yamalo-Nenets region.
“We have never planned to, aren’t planning and will not buy this company,” Vladimir Torin, a spokesman for Eurochem in Moscow, said by telephone. Interfax reported earlier today that the company may buy Severneft, citing people it didn’t identify. Nitrogen fertilizers are produced from natural gas.
--Editors: Amanda Jordan, John Viljoen
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