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

Turkey - where next?

In January 2009, the EBRD commissioned two Italian consultants to study Turkey's sustainable energy market in preparation for future investments. more »

Delegation of More than 50 Chinese Business Representatives Arriving to Vilnius

Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania. more »

New Shopping and Entertainment Centre Opened in the Capital City

The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery in Vilnius. more »

Thailand Hones Response to Crisis through Dialogue with World Bank

As it embarked on an ambitious stimulus spending, Thailand turned to the World Bank for advice on how to fast track the spending coupled with proper management controls to keep programs on the rails. more »

Parex banka signs subordinated debt agreement with the EBRD

Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka. more »

AB DnB NORD Bankas starts placement of USD denominated Government bonds

On Monday AB DnB NORD Bankas started placement of a 13-month fixed-rate Lithuanian government bonds. It is the first time when Lithuanian sovereign USD denominated securities will be available on Lithuania’s retail market. more »

Swedish Press: Worst Times Has Already Passed for Lithuania

The Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News. more »

Swedish Trade Minister sees the bright side of the economic crisis

The economic crisis still has a firm grip on large parts of the world. But Sweden’s Minister for Trade Ewa Björling can see bright spots. more »

EBRD and KfW Entwicklungsbank acquire stake in MegaBank

The European Bank for Reconstruction and Development and KfW Entwicklungsbank (The German development bank) are providing a financing programme worth up to €28.9 million to MegaBank - one of the strongest regional banks in the eastern Ukraine. more »

Swiss to reveal UBS accounts

A settlement in an international tax dispute that strained U.S. ties with Switzerland. more »