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Gazprom OAO to Consider Divestment of YuzhNIIGiprogaz-Interfax

Friday, 13 Sep 2013 05:53am EDT 

Interfax reported that the Board of Directors of Gazprom OAO (Gazprom) will on September 24 take up the question of selling out of Ukraine's PAO YuzhNIIGiprogaz, Gazprom said. Gazprom holds a 40% stake in the institution. The Gazprom press service has not commented on the reasons why this issue will be on the agenda for the meeting. The institution's main clients are organizations in the Russian and Ukrainian oil and gas complexes. Russian enterprises, mainly Gazprom, which accounts for 90% of the work it does, are constant clients. 

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