Russia-focused Petroneft mulls review including potential sale
25/11/2022 13:18
Nov 25 (Reuters) - Russia-focused oil and gas producer
Petroneft Resources PTR.I PTR.L said on Friday it would
conduct a strategic review including a potential sale of the
entire firm or some assets, citing difficult operational
conditions due to the Ukraine conflict.
The company said drilling of up to five development wells at
its Cheremshanskoye field in Russia had been delayed for the
foreseeable future.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Devika Syamnath)
((abyjose.koilparambil@thomsonreuters.com; +919986528692))