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Russian Producer of Mineral Fertilizers May Acquire Gas Assets
17.10.2011 09:15
Russian Producer of Mineral Fertilizers May Acquire Gas Assets

The company EuroChem, a Russian producer of mineral fertilizers, regards an opportunity of acquiring gas assets. The agreement with potential sellers could be reached within this month, reports Interfax referring to the company owner Andrey Melnichenko.

Mr. Melnichenko refused to specify which assets are being considered and which volumes are necessary for EuroChem. At that, he noticed that the company is interested in deposits in Novyy Urengoy area and in south of Russia.

The acquired gas assets should be enough for meeting the company’s own needs, said Mr. Melnichenko. EuroChem may also sell some gas.

The company EuroChem consumes 4.5 billion cubic meters annually. Before this time, the chemical company has not claimed about its interest in gas asstes.

Author: Irina Fomina

Tags: Resources Russian business    

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