Chevron rumored to want to acquire stake in Naftogaz, Newswire Roundup
Chevron reportedly wants to buy a stake in Ukraine's natural gas pipeline company, Naftogaz, AFP reported.
Ukraine opened Naftogaz to European and American investment last week, allowing them to buy stakes up to 49%. Naftogaz operates 25,000 miles of pipelines transporting natural gas across Ukraine and from Russia to the European Union.
Three companies are reportedly interested in purchasing an interest in Naftogaz, Itar-Tass, a Russian newswire quoted sources as saying. Two of Itar-Tass' three sources confirmed Chevron was one of the interested firms. Chevron, however, refused to comment.
Last year, Chevron began operating in Ukraine through a shale production sharing agreement.
Source Agence France-Presse