Source Pravda.Ru

Lithuanian Government Tries to Avoid Ceding Control of Important Oil Sector Decisions to YUKOS

Lithuanian President Valdas Adamkus yesterday announced that Lithuania must formulate a clear strategy for talks with the Russian oil company YUKOS. According to the President's press service, he made this announcement during a meeting with Prime Minister Algirdas Brazauskas, Finance Minister Dalia Grybauskaite and Economic Minister Petras Cesna.

On Tuesday YUKOS officially informed the Lithuanian government of its intention to acquire 26.85% of shares in Mazeikiu nafta, Lithuania's largest oil refining and transportation concern. The shares currently belong to the American company Williams. YUKOS already owns an identical amount of shares in Mazeikiu nafta, and if the purchase of the shares from Williams goes ahead, it will gain control of the Lithuanian company.

In the meeting with ministers, the Lithuanian President discussed the question of the concern's management after the possible transfer of a controlling share packet to YUKOS. Adamkus suggested trying to find various alternatives relating to the forthcoming change in Mazeikiu nafta's share distribution. In his opinion, the government must do everything possible to maintain control over the decision-making process, which is of strategic importance for the oil sector in Lithuania.

©

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

&to=http://www.nafta.lt/' target=_blank>NAFTA

&to=http://www.williams.com/index.jsp' target=_blank>WILLIAMS

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
American Bioweaponry
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Russia on the eve of another Crimea referendum
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Europeans say what puzzles them in Russia most
Russian man grows abnormally large biceps that he calls bazookas
Science and Technology. Consensus builders for the media instrument
North Korea says Trump makes first step towards nuclear war
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia to rebuild its former Soviet naval base in Syria's Tartus
North Korea is not a threat to the US