Business Services Industry
RUSSIA: GAZPROM WILL GET ROSNEFT, BUT NOT YUGANSKNEFTEGAZ.(OAO Gazprom)(Brief Article)
IPR Strategic Business Information Database, March, 2005
Gazprom CEO Aleksei Miller told NTV on 2 March that Gazprom will take over Rosneft, but the deal will not include Yuganskneftegaz. State-owned Rosneft took over Yuganskneftegaz in December after the government auctioned off the company in partial payment of Yukos's tax arrears. According to Miller, the government has decided to spin off Yuganskneftegaz into a separate, state-owned company to be headed by current Rosneft President Sergei Bogdanchikov. Miller said that after the completion of the Rosneft deal, in which the state will acquire a controlling stake in Gazprom, the natural-gas giant will begin the process of liberalizing its shares to allow their purchase by foreigners. RC
Copyright (c) 2005. RFE/RL, Inc. Reprinted with the permission of Radio Free...
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