Belgrave Naftogas

  • PetroNeft Acquires Additional 40% Interest in Concession 67 of Belgrave Naftogas

    PetroNeft Acquires Additional 40% Interest in Concession 67 of Belgrave Naftogas

    Tuesday, 9th March 2021

    PetroNeft Company, operating in the Tomsk Oblast, Russian Federation, acquired additional 40% interest in concession 67 from Belgrave Naftogas (formerly Arawak Energy Russia) for $2.9 million. PetroNeft’s interest in this concession has been increased from 50% to 90%. PetroNeft also has a 50% operated interest in concession 61.