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Europe Daily Bulletin No. 9073

23 November 2005
Contents Publication in full By article 37 / 44
GENERAL NEWS / (eu) eu/competition

22/11/2005 (Agence Europe) - The Commission has accepted Gazprom Finance BV group's plan to purchase a 30% controlling stake in the Russian oil company, Siberian Oil Company (Sibneft). Gazprom Finance BV is a subsidiary of the Russian gas company Gazprom, which supplies virtually all of Russia's natural gas, as well as 24% of the gas consumed in the European Economic Area (EEA). Sibneft does not export gas to the EEA. The transaction was examined under the simplified procedure.

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