MOSCOW, May 25 (RIA Novosti) - The market capitalization of Gazpromneft could reach at least $40 billion by 2020, a senior executive said Thursday.
Russian natural gas giant Gazprom bought more than 75% in oil major Sibneft last, which was renamed Gazpromneft in May 2006.
"It is difficult to speak about the company's capitalization because the price of oil could be $40 per barrel or lower in the future," said Alexander Ryazanov, a deputy board chairman of Gazprom.
