Hess (HES) says it will pursue the sale of its Russian subsidiary Samara-Nafta, which produces...

|About: Hess Corporation (HES)|By:, SA News Editor

Hess (HES) says it will pursue the sale of its Russian subsidiary Samara-Nafta, which produces ~50K boe/day in the Volga-Urals region, as part of a strategic reshaping of its global portfolio. Hess has retained Goldman Sachs as its financial adviser in connection with the potential sale.