Energy giant Gazprom's [RTS: GAZP] subsidiary said in a news release that on December 15 it successfully held tenders for oil, petrochemical and liquefied hydrocarbon gas products.
"The results summed up on December 19-20 were satisfactory for the company, and Gazprom Neft is preparing for electronic tendering," the company said.
The electronic bidding system will help the company make deals with maximum effectiveness, and secure equal access to resources for buyers, the statement said.
"World oil companies have widely applied the bidding system to sell oil products, which ensures the transparency of trading and lowers corruption and image-related risks," Gazprom Neft said.
Gazprom bought Sibneft in September 2005 from Russia's tycoon Roman Abramovich, and subsequently renamed it Gazprom Neft.
