Russia`s oil producer Gazprom Neft said on Monday it would create a joint venture with Spanish energy company Repsol in Russia.
Gazprom Neft acquired a 25.02 percent stake with the right to increase it to 50 percent in Evrotek-Yugra. which is owned by Spain`s Repsol and holds exploration and production rights to seven license blocks in West Siberia. Gazprom Neft said.