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Russia's competition watchdog delays Gazprom Neft, Shell deal by 3 months

Reuters - UK Focus
Updated

MOSCOW, Nov 14 (Reuters) - Russia's competition watchdog said on Thursday it had decided to delay by three months Shell's purchase of 9.3 billion roubles ($145.73 million) worth of shares in a subsidiary of Russian oil producer Gazprom Neft .

Shell is expected to buy a 50% stake in Meretoyakhaneftegaz, a Gazprom Neft subsidiary which holds licensing rights to the Meretoyakhinskoye oil field. ($1 = 63.8166 roubles) (Reporting by Darya Korsunskaya and Gabrielle Tétrault-Farber; Writing by Polina Ivanova; Editing by Jan Harvey)