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Rockefeller buys into Russian oil business
An oil pumper near Longepas, Russia
Stephen Clark Rockefeller’s UK-based oil company has reached an agreement with VTB Bank to purchase a 100% stake in Tehneftinvesta for $1 billion.
VTB Capital facilitated the sale which gives Rockefeller Oil over 180 million tonnes of oil reserves, and 20 billion cubic meters of natural gas, Kommersant newspaper reported on Thursday.
Vitaly Kryukov, an analyst...