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BASF subsidiary Wintershall to focus on oil and gas exploration and production, exit gas trading business.
September 4, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF and Gazprom have agreed to complete the swap of assets with equivalent value signed in December 2013 and originally intended to be completed by the end of 2014. With the swap, BASF will further expand its production of oil and gas and will exit the gas trading and storage business. The completion of the asset swap is expected by the end of 2015 and, as agreed upon in December 2013, will be financially retroactive to April 1, 2013. The swap was already approved by the European Commission...
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