Source Pravda.Ru

Merged YUKOS-Sibneft Company to Build Oil Pipeline to China?

The new YUKOS-Sibneft company's first ambitious projects may be to develop the Eastern Siberia oilfield and build an oil pipeline to China. This was announced yesterday by Vladimir Katrenko, the chairman of the State Duma's Committee on Energy, Transport and Communications. The Duma deputy believes that by developing new deposits, the company will be able to increase its capitalization and strengthen its position on the world oil market.

According to Katrenko, the merger of YUKOS and Sibneft demonstrates that 'by uniting their capital, leading Russian oil and energy companies are trying to stand up to international corporations which exploit every opportunity to squeeze out competitors.' The committee chairman is confident that the new company 'will establish itself among the world's leading companies.'

© &to=http://www.rosbaltnews.com/' target=_blank>RosBalt

&to=http://www.yukos.com' target=_blank>YUKOS

Comments
Brexit: The UK's misunderstanding of Democracy
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Brexit: The UK's misunderstanding of Democracy
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
MP suggests replacing Lenin's mummy with rubber figure
Moving inexorably towards war
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Russians lose faith in their future, get ready for worse
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Malaysia complains of faulty Russian Sukhoi Su-30 fighter jets
Without INF Treaty, USA can destroy Russian nuclear weapons easily
USA plays to pretend a mighty dragon that can no longer breathe fire
USA plays to pretend a mighty dragon that can no longer breathe fire
Putin sees no drama if Russia misses Davos forum
Macron challenges Trump. French independence and croissants at stake
Putin's three days in Singapore mark Russia's major geopolitical changes since 2000