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Hess Corporation
HES announced today that as part of the company's
strategic reshaping of its portfolio it will pursue the sale of its Russian
subsidiary Samara-Nafta, which produces approximately 50,000 barrels of oil
equivalent per day in the Volga-Urals region. Hess has retained Goldman Sachs
as its financial adviser in connection with the potential sale.
Hess Corporation is a leading global independent energy company engaged in the
exploration for and production of crude oil and natural gas, as well as in
refining and in marketing refined petroleum products, natural gas and
electricity. More information on Hess Corporation is available at
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