Novatek evaluates investment to Yarudey deposit by $1.5 billion up to 2017
Edited by Rhod Mackenzie / 2013-11-11 11:18:58
Finance Oil and Gas Russia Financial results Russia Oil and Gas Gas Novatek Pipelines Production and Refining
The volume of investment to the Yarudey deposit developed by Yargeo LLC, the JV of Novatek (51%) and the Cyprian Nefte Petroleum Limited (49%) will be $1.5 billion within 3 years, the CFO of Novatek M. Gateway says at a telephone conference. The partners will perform financing proportionally to their shares. Mr. Gateway reminds that under the law, the deposit is released from mineral tax payment until 2022.
