TITLE

Oil: Yukos Output Uninterrupted As Asset Sale Nears

PUB. DATE
November 2004
SOURCE
Emerging Europe Monitor: Russia, Ukraine & Baltics;Nov2004, Vol. 8 Issue 11, p2
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article discusses the oil price situation in Russia. Russian oil and gas condensate output reached a post-Soviet high of 9.43mn barrels/day (b/d) in September. Several western oil majors already have significant investments in the country: the UK's BP has already ruled itself out of contention and US major Conoco Phillips is in the process of acquiring a 10% stake in Russia's other leading oil firm, Lukoil, which it hopes to raise to 20% over the next two to three years. Of the Russian energy firms, Gazprom still seems the most likely to make a bid for Yukos's assets.
ACCESSION #
15001941

 

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