BASF and Gazprom agreed today that they will not complete the asset swap, which was planned for the end of the year.
"We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom in our existing joint ventures," said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE. "Our strategy in the oil and gas business remains unchanged: We will continue focusing on profitable growth at the source in our targeted oil and gas-rich regions in Europe, North Africa, Russia, South America, and the Middle East."
"We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom in our existing joint ventures," said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE. "Our strategy in the oil and gas business remains unchanged: We will continue focusing on profitable growth at the source in our targeted oil and gas-rich regions in Europe, North Africa, Russia, South America, and the Middle East."
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