YUKOS oil company has resumed negotiations with Williams concerning the Russian company's participation on the charter capital of Mazeikiu Nafta Lithuanian concern and a long-term credit, according to the YUKOS press service report. YUKOS announced on June 15th it had signed a cooperation memorandum with Williams International Co (WIC) that has been managing Mazeikiu Nafta since 1999. The document signed stipulates two Mazeikiu Nafta share issues, and as a result YUKOS and WIC will have 26.85% each with WIC's stake diminished from its current 33%. The price of 26.85% share is $75m, and another $75m will be given by Mazeikiu Nafta as a 5-year credit. WIC earlier said it intended to stop the negotiations regarding the signing of the agreement.
Forest fires in Siberia have been raging for three months already. They have become a disaster not only of Russian, but of global scale. The fires have already scorched 12 million hectares of land