Marine Link
Tuesday, November 20, 2018

Russian Oligarch Responds to UK in North Sea Deal Row

Maritime Activity Reports, Inc.

March 11, 2015


Russian billionaire Mikhail Fridman's LetterOne fund said on Wednesday it had provided Britain's energy ministry with a detailed response as part of its attempt to complete a deal to purchase assets in the North Sea.


Britain has blocked the deal citing potential new sanctions against Russia and has given the fund seven days to come up with new proposals or face calls to sell the assets to a third party. LetterOne is buying the assets from Germany's RWE.


"We... continue to engage with the department (of energy). We will leave no stone unturned to find a solution," LetterOne said.


(Reporting by Dmitry Zhdannikov. Editing by Jane Merriman)

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News