BASF Wins Siberian Gas Field Case In Germany

Law360, New York (July 5, 2007, 12:00 AM EDT) -- A lawsuit by Moncrief Oil International Inc. seeking to void a joint venture between Russian energy giant OAO Gazprom and German chemical company BASF AG came to naught on Thursday, after it was rejected by a German court.

Texas-based Moncrief filed a lawsuit against BASF in 2006, alleging that a deal between the German company and Gazprom to develop a Siberian gas field should not have been allowed. Moncrief had already signed a deal to develop the field with Gazprom in the late 1990s, the company...
To view the full article, register now.