Transeuro Energy to buy assets in Russia worth $25-39mln in 2009

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MOSCOW, December 8 (RIA Novosti) - Canadian oil company Transeuro Energy plans to buy assets in Russia worth 20-30 million euros ($25-39 million), the company president said Monday.

David Worrall told reporters that the company wants to buy small oil production companies with assets in Russia. He said there have been preliminary talks with several companies, but did not give further details.

Transeuro Energy has oil assets in Canada, Ukraine and Armenia.

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