Lithuania Losing Patience With Yukos

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.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Court of Auditors report, European Anti-Fraud

Thursday morning MEPs debated a report from the European Court of Auditors on EU expenditure in 2007. more »

Cars sold 2 for 1 as sales crash

Wander along any supermarket aisle and you'll see a number of two-for-one offers. It's not something we're used to seeing at our local car showroom. more »

Big Three autos plead for help

The leaders of the so-called Big Three of the U.S. auto industry were on the hot seat on Capitol Hill. more »

HP Announces Preliminary Fourth Quarter Results

HP today announced preliminary results for the fourth fiscal quarter 2008 with revenue of $33.6 billion, a year-over-year increase of 19% or 16% when adjusted for the effects of currency. more »

Opening up the labour market

When the EU expanded in 2004, some of the 15 existing EU countries were worried they would be flooded by workers from eastern and central Europe. more »

Monday in Strasbourg: wage gap, euro at 10, EuroMedscola

Monday MEPs discussed ways to narrow the gender pay gap that still exists in Europe, despite 30 years of legislation. more »

MEPs' diagnosis on economy ahead of Washington G20

The financial crisis has become a major threat to the economies, jobs and lives of millions worldwide. more »

Tightening the net on overfishing

Fisheries in the EU are regulated to protect stocks from overfishing and prevent damage to marine ecosystems. more »

Energy in an emergency

Energy prices in the EU have risen by an average of 15% in the last year and Europeans wonder whether speculators are driving up oil prices. more »

USA Treasury will focus on investing in bank shares

Treasury Secretary Henry Paulson offered an update on the government's financial rescue efforts. more »