Business Services Industry
RUSSIA: GAZPROM, ROSNEFT ENGAGE IN PUBLIC FEUD.(OAO Gazprom)(Brief Article)
IPR Strategic Business Information Database, March, 2005
Deputy Economic Development and Trade Minister Andrei Sharonov told RIA-Novosti on 3 March that the merger of Gazprom and Rosneft will take place without the inclusion of Yuganskneftegaz. Sharonov confirmed an earlier statement on the merger by Gazprom CEO Aleksei Miller. Economic Development and Trade Minister German Gref also confirmed the deal, saying the exact structure of the merger deal has yet to be worked out. Rosneft on 3 March issued a statement saying that Miller's assertion that Yuganskneftegaz will become an independent state company headed by Rosneft President Sergei Bogdanchikov should "be taken as his personal opinion." Gazprom the same day issued a statement saying Miller's statements were "correct." "The Moscow Times" speculated on 4 March that the...
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