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Бразаускас it is compelled to bargain with the Kremlin

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The government of Lithuania changes tactics of negotiations about the repayment of share ЮКОСа in company Ma? eikiu nafta (MN) and " will speak directly with its creditors and time operating ЮКОСа Edward Rebgunom ". Prime minister Algirdas Brazauskas has informed On it. Thus, Lithuanians should bargain not with the condemned Michael Khodorkovsky’s at large partners, and with the Kremlin.

MN to Moscow will finish

To reconsider tactics of negotiations, has noted Бразаускас, " has forced the decision of court of New York to prolong till May, 19th interdiction ЮКОСу to dispose of foreign actives, including in MN ". " The most nearest days representatives of the government of Lithuania will go to Moscow for a meeting with time managing director of the company ".

" today (on May, 8th. – А.Ш.) once again discussed this question. It is necessary to talk not only with ЮКОСом, but also to the second party – with its creditors. It is necessary and to talk to the Russian party, and temporary operating ЮКОСа Edward Rebgun too has the word ", – has declared Бразаускас. Prime-minister has recognized, that " unilateral conversation " has not given results, and having met representatives of creditors in Russia, questions can be solved more quickly.

To select and divide

Earlier Бразаускас informed, that the government of Lithuania has already prepared the bill of nationalization of concern MN, however will finally solve this question after will find out positions of potential buyers.

Let’s remind, that the government of Lithuania planned to redeem independently package MN at ЮКОСа that then to resell it with benefit for itself to the next shareholder. The interest to MN expressed Russian ЛУКойл, Kazakhstan КазМунайГаз, Russian-British T Н K-BP, and also Polish petroconcern PKN Orlen. For the control above MN applicants were ostensibly ready to lay out from 1,5 up to 2,25 billion USD. All for cabinet Бразаускаса developed well, however on April, 14th, 2006 the court of New York has born a temporary interdiction on sale of actives ЮКОСа in connection with the application of the company for voluntary bankruptcy. After that wild conversations for the civilized Europe about nationalization of private business have begun.

In Latvia аукнется

All these squabbles around MN have the direct attitude and to the Latvian motorists. From 70 up to 80 % of gasoline consumed in Latvia it is made in Мажейкяе. If as a result of receivership proceeding on Lithuanian НПЗ delivery of crude oil (that already was several years ago) the gas station of Latvia will be compelled to pass to the Scandinavian gasoline that means automatic increase of the price of litre of fuel on 1-3 centimes will stop.

H2. THAT IS ON SALE

In Ma? eikiu nafta enter: Мажейкяйский НПЗ capacity 12 million т raw material in year, sea export terminal Butinge with throughput 8 million т in a year and Биржайский the main oil pipeline. 53,7 % of actions of the company are under control НК ЮКОС, 40,66 % of actions belong to the government of Lithuania. ЮКОС owns package Ma? eikiu nafta through company Yukos International UK B.V registered in the Netherlands.

Russian version: Бразаускас вынужден торговаться с Кремлем
10 May 2006
Author: www.telegraf.lv
Tags: business, Litva, Mažeikiu nafta, ЮКОС, Эдуард Ребгун, Альгирдас Бразаускас,