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Timchenko's company files lawsuit against Gazprom

16:32 20/03/2012

MOSCOW, March 20 - RAPSI. The Moscow Commercial Court has scheduled for June 22 the preliminary hearing in the Stroytransgaz servicing company's $3.3 million lawsuit against Gazprom.

The plaintiff is a company comprising construction, engineering, oil, gas and financial entities, in which Russia's richest businessman Gennady Timchenko holds a 80-percent stake. Timchenko also owns one of the world's largest oil trading companies, Gunvor Group.

The statement of claim was filed on March 6.

The Russian Legal Information Agency has yet to reach the parties for comments.

Gazprom produced 0,9 percent more gas in 2011, or 513 billion cubic meters. Its plans for the year include increasing production by three percent to chalk up 528.6 billion cubic meters.

Gazprom's 2011 net profit by IFRS could grow by 25 percent to $40 billion compared to $32 billion in 2010. Its 2011 sales proceeds are anticipated at $150 billion with a 27-percent growth.

Stroytransgaz emerged on the industrial construction market in 2006. It implements major construction projects in oil and gas industry in 17 countries.

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Timchenko's company files lawsuit against Gazprom

16:32 20/03/2012 The Moscow Commercial Court has scheduled for June 22 the preliminary hearing in the Stroytransgaz servicing company's $3.3 million lawsuit against Gazprom.
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