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Gazprom Neft Awarded Approval to Build St. Petersburg Skyscraper

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Aug. 5 (Bloomberg) -- OAO Gazprom Neft, oil arm of Russia’s natural-gas exporter, won approval from government officials in St. Petersburg to build a head office on the city’s outskirts as tall as 500 meters (1,600 feet) as it relocates from Moscow.

A city panel on construction and architecture granted approval for the skyscraper, according to an e-mailed statement today from Okhta Center, the developer of the project. The company was forced to change earlier plans to build a tower in the historic center of the city after a public outcry.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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