The Lithuanian government said it was not happy with Yukos' work at Mazeikiu Nafta, an oil refinery and terminal, and has held talks with companies that want to buy Yukos' 54 percent stake
Published:
25 March 2005 y., Friday
The Lithuanian government said it was not happy with Yukos' work at Mazeikiu Nafta, an oil refinery and terminal, and has held talks with companies that want to buy Yukos' 54 percent stake.
"We have been visited by Russian oil companies that want to buy Yukos' shares and need our approval," Prime Minister Algirdas Brazauskas said during a news conference Thursday. "Our prime concern is that Mazeikiu Nafta work stably."
Mazeikiu Nafta, which is 41 percent owned by the state, is the biggest company by revenue in Lithuania. Yukos has struggled, and has so far been successful, to maintain crude supplies to the unit amid a dispute more than $27 billion of back taxes that the Russian government claims Yukos owes. LUKoil has for several years repeatedly expressed interest in buying Mazeikiu Nafta.
"If we receive an official offer to buy shares in this plant, we will study it with great interest," LUKoil spokesman Dmitry Dolgov said in an interview. He declined to say whether any negotiations had taken place.
TNK-BP and LUKoil have both formally offered to buy Mazeikiu Nafta from Yukos, Interfax reported Thursday, citing Yukos deputy chief executive Alexander Temerko.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
When you fill up your car with petrol you often find that your hand will reek of petrol unless you have worn gloves.
more »
The EU is going through its worst recession since WWII. Inflation has slowed, but employment and public finances are hard hit. The situation should stabilise in 2010.
more »
In the current economic environment, banks should carefully analyze the current and future total cost of ownership of their technology assets, and evaluate the outsourcing alternative.
more »
Commission proposes first EU law on hedge funds and issues guidelines on bank pay practices.
more »
On 30 April, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “The European Union’s External Trade Policy and Lithuania’s Positions: Threats and Possibilities for the Lithuanian Industry”.
more »
Since 28 April this year, the clients of AB Bank SNORAS will be able to process their financial matters in a clearer and more user-friendly environment of “Internet Bank+” system.
more »
2009 ageing report: Europe tackling the challenge of an ageing population but the recession threatens a setback.
more »
More choice, investment and security of supply lie at the heart of the 3rd energy package.
more »
Swine flu, a new strain of influenza, has so far left more than a hundred dead. But in one sector, the illness could have huge benefits.
more »
Central European bargain hunters are crossing borders for the best buys. Slovakian shoppers in Hungary are making the most of their new eurozone membership.
more »