Bloomberg News

Russia’s Slavneft Sells 51.9% Stake in Mendeleev Oil Refinery

May 22, 2012

OAO Slavneft, jointly owned by OAO Gazprom Neft and BP Plc (BP/)’s Russian venture, sold a 51.9 percent stake in the Yaroslavl-based Mendeleev refinery to ZAO Neftgazsbyt, the company said today in a statement.

Slavneft’s board of directors decided in 2007 to sell the refinery, which can process of 500,000 metric tons of crude a year, or 10,000 barrels a day, according to the statement.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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