Rosneft buys 49%-shares of Petrocas Energy Group

Baku: Rosneft has entered into definitive documentation to acquire 49% stake in Petrocas Energy International Limited (“Petrocas”), creating the joint venture (“JV”) for its activities in the South Caucasus region.

According to Russian press, Chairman of Petrocas David Iakobachvili remains as main stockholder of the company and he does not intend to his securities in the future.

SOURCE: AZERI PRESS NEWS AGENCY