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By Anthony O. Goriainoff Petroneft Resources said it will enter into a share-purchase agreement in connection with the proposed sale of its Russian business.
(Alliance News) - PetroNeft Resources PLC on Wednesday said it had entered a non-binding conditional heads of terms to sell its entire interest in Lineynoye LLC to Chief Executive Officer Pavel Tetyakov.
This was for a consideration of RUB210 million, o.