Chemicals giant INEOS snaps up 12 North Sea gas fields in deal worth a reported £500m
![Chemicals giant INEOS snaps up 12 North Sea gas fields in deal worth a reported £500m](http://i.dailymail.co.uk/i/pix/2015/10/11/20/2355868A00000578-0-image-m-4_1444591359626.jpg)
The group, founded by billionaire Jim Ratcliffe, is to buy the fields – which produce 8 per cent of Britain’s total gas output – from LetterOne Group, chaired by Ukrainian oligarch Mikhail Fridman.