The board of directors of Irkutsk-based Rusia-Petroleum plans to consider Russian gas giant Gazprom’s proposal to become a shareholder in the company. Rusia-Petroleum is licensed to develop the Kovykta gas condensate field in the
Irkutsk region. Currently, the company’s shareholders are BP, with 32.95%, Russian oil major Tyumen Oil Company (TNK), with 29.11%, the Interros holding, with 25.71%, and the Irkutsk region’s Property Fund, with 11.66%. TNK chairman Victor Vekselberg has said that Gazprom should participate in the development of the Kovykta gas condensate field in the Irkutsk region. He met recently with Gazprom CEO Alexei Miller to discuss the companies’ plans to develop Eastern Siberia and the Far East. The conditions and timetable of Gazprom’s participation in the project have yet to be settled. Building a pipeline from the gasfield is the responsibility of the state and the conditions under which private companies will participate in the project should be set by the state, says Vekselberg. In February TNK and BP agreed to merge their assets in Russia to create a new company in which each side controls 50%. They also plan to merge their stakes in Rusia-Petroleum within the framework of the newly established TNK-BP company.