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According to the agreement reached at the highest level between Russia and Germany, “Gasprom” (Russia) and “Wintershall AG” (a subsidiary of “BASF” concern, Germany) will jointly develop South-Russian gas field. The proposed volume of investments is about USD 1 billion. Terms and conditions of the agreement stipulate a possibility of other foreign company’s participation in the project.
   

   
   

 
First time a foreign partner to be allowed to gas recovery

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"Gorodissky & Partners"
B. Spasskaya Str., 25, stroenie 3, Moscow 129090, Russia
Phone: 7 (495) 937 6116 / 6109 Fax: 7 (495) 937 6104 / 6123
E-mail: pat@gorodissky.ru, http://www.gorodissky.com