Abramovich's son begins looking for investors in China for deposits in Siberia.
Edited by Rhod Mackenzie / 2015-04-08 05:57:22
Oil and Gas Company Zoltav Resources, controlled by Arkadiy Abramovich and Valentin Bukhtoyarov is looking for an investor in China for the development of Koltogorsk group of fields (the reserves amount to 137 million tons of oil), "the Izvestiya" writes.
The value of the group is estimated by experts at $ 280 million. In March Zoltav negotiated with the Chinese state-owned CNPC (China National Petroleum Corporation) and planned to meet with other Chinese holdings, according to a senior source in CNPC, adding that his company has not yet made any decision.
