Russia`s Gazprom Neft to Create Joint Venture with Spain`s Repsol

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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.