Gazprom eyes 100-percent stake in Kyrgyzgas
Russia's oil giant Gazprom is willing to buy a 100-percent stake
in Kyrgyz National company Kyrgyzgas, Vecherny Bishkek newspaper
quoted Kyrgyz President Almazbek Atambayev as saying at the annual
final press-conference on Monday, Trend news agency reported.
Earlier Kyrgyzstan proposed Gazprom to buy a 75-percent share of
Kyrgyzgas.
Meanwhile, according to the President, Gazprom will have to pay $40
million debt of Kyrgyz enterprise if the company purchases the
proposed stake.
"The conditions under which Gazprom will acquire the remaining
13-percent share owned by the state, 4.5-percent share owned by the
Social Fund and the remaining share owned by private people is the
issue of Gazprom," Atambayev said.
Gazprom is the largest producer of natural gas in the world. Its
major business lines are geological exploration, production,
transportation, storage, processing and marketing of hydrocarbons,
as well as generation and marketing of heat and electric power. The
Russian government has a controlling stake in the company.