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Hess Corp. explores sale of interests in Russia

Hess Corporation (HES) announced that as part of the company’s strategic reshaping of its portfolio it will pursue the sale of its Russian subsidiary Samara-Nafta, which produces approximately 50,000 barrels of oil equivalent per day in the Volga-Urals region. Hess has retained Goldman Sachs (GS) as its financial adviser in connection with the potential sale.