The Gazprom Headquarters has hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Michael Klein, Chief Executive Officer of Citigroup, Global Banking.

The parties discussed the progress in the co-operation covering the Gazprom business diversification. Particularly, a focus was placed on Citigroup’s participation in devising a strategy for the Gazprom oil business development.

The parties reviewed opportunities for co-operation including the acquisition of new assets and implementation of new investment projects by Gazprom

Reference:

Citigroup is one of the world’s largest financial institutions.

Citigroup has acted as co-arranger of a number of syndicated loans raised by Gazprom to construct the Yamal-Europe gas pipeline as well as served as lead manager for the Gazprom debut Eurobond issue.

In October 2005 Citigroup acted as one of the six arrangers of the Gazprom US$ 13.1 bln syndicated loan attracted to purchase Sibneft’s shares.

Citigroup prepared a fairness option on the deal aimed at increasing the government’s share in the Gazprom charter capital.

Citigroup is a co-developer of the Gazprom oil business strategy.