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NK Rosneft' OAO signs agreement to acquire Bishkek Oil Company


Tuesday, 18 Feb 2014 07:00pm EST 

NK Rosneft' OAO:Says Rosneft President, Chairman of the Management Board Igor Sechin and Bishkek Oil Company CEO Alexander Niyazov signed a framework agreement regarding purchase and sale of the Bishkek Oil Company Group.The document was signed in the presence of Kyrgyz President Almazbek Atambaev and the Chairman of the Russia-Kyrgyzstan Intergovernmental Commission Andrey Belianinov.According to the Agreement, Rosneft is to acquire 100 percent in the Bishkek Oil Company Group, engaged in the oil products distribution market in Bishkek.Rosneft will thus acquire a branchy retail network in the Kyrgyz capital, as well as several infrastructure facilities.The transaction amount remains undisclosed. 

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