Restructuring as a result of the tightening economic situation on the oil market.
Published:
31 January 1999 y., Sunday
Three major Russian oil companies will merge to form a company that boasts access to one of the world_s largest reserves of prospected oil, the Russian government announced on Monday.
The deal will create a company that is 75% owned by the state and is to be formed out of merger of state-owned company Rosneft with Onaco and Slavneft. The new company will have an output capability of 55 million tonnes per year -a figure that will still be beaten by LUKOIL_s current annual output of 63-65 million tonnes.
Šaltinis:
The Moscow Tribune, January 26, 1999
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