Spain's Repsol pulls out of planned Arctic JV in Russia
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MOSCOW (Reuters) - Spain's Repsol has pulled out of a planned joint venture to develop two Arctic oil blocks with Russia's Gazprom Neft and Royal Dutch Shell , a spokesman at Repsol said on Friday. Gazprom Neft, the oil arm of Russian gas giant Gazprom , Repsol and Shell signed a memorandum of understanding last June on establishing a joint venture to develop the Leskinsky and Pukhutsyayakhsky blocks on the Gydan Peninsula in northern Siberia.A deal on the venture, in which Gazprom Neft would..