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BASF and the LetterOne investment fund, co-owners of energy firm Wintershall Dea, will share $2.15 billion in cash and new shares issued by Harbour amounting to 54.5 percent of the new entity, according to a statement. ....
Two Western companies - Germany s Wintershall Des and Austria s OMV - are to formally lose their shares in gas extraction projects in Russia s Arctic, according to presidential decrees. ....
German oil and gas producer Wintershall Dea on Wednesday tried to assuage fears that the hit from its planned Russian exit would be too painful, saying its remaining operations were strong and stable. ....
When the Ukraine war broke out, the U.S. moved to sanction several Russian figures. But two oligarchs with ties to the lobbying shop BGR were not among them. ....