Replies to post #5959 on The Rising Influence of Rising Affluence

[DewDiligence]

HES hires GS to shop Russian subsidiary:

http://finance.yahoo.com/news/hess-explores-sale-interests-russia-130000231.html

Hess Corporation 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.

This is consistent with HES’ planned divestitures of non-core assets to support its new business model described in #msg-78327528.