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NOVATEK and Gazprom Neft Create JV to Develop the North-Vrangelevskiy License Area

As part of Saint-Petersburg International Economic Forum, NOVATEK and Gazprom Neft concluded a transaction on NOVATEK’s acquisition of a 49% participation interest in OOO Gazpromneft Sakhalin owning a geological survey, exploration and production license for the North-Vrangelevskiy license area.
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