OREANDA-NEWS. June 09, 2009. Russian diamond monopoly Alrosa is to sell all of its O&G assets in Russia to a large Russian private oil producer by the end of June, Alsosa CEO Sergey Vybornov said in an interview. “We regard these (ownership rights to oil and gas fields) as non-core assets and fully intend to get rid of them. I expect the transaction to be completed by the end of the month.

We’ll announce the sale on June 9, Tuesday. These O&G assets are to be sold to a Russian company, but not to Gazprom. This concern is registered in Russia, not state-controlled…not under full control of the state, I would say” he said. “I’m not talking about Gazprom or Rosneft,” he added. This March Vybornov said in an interview that Gazprom is to take over Alrosa’s gas subsidiaries – Geotransgaz and Urengoi Gas Company, but no transaction was ever announced. Alrosa also has an oil-producing subsidiary (Irelyakhneft). This March the diamond monopoly valued all three assets at USD 600-700 mn.