Russia's privatised energy industry

Article Abstract:

The majority of shares in Russia's Gazprom were purchased by individuals according to the Vladivostock exchange. The remaining shares must be auctioned at the Vladvostok International Stock Exchange. There are also preparations for the sale of 15% of LUKoil, a major oil holding. First the company's oil reserves will be examined and its accounting system will be revised. Also 40% of YUKOS, another major oil producer, will be sold early in 1995.

Planning, OAO Gazprom

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Auctions promised after Russian elections

Article Abstract:

Menatep bank in Russia has purchased most of the 8% block of shares offered in Yukos, and oil firm. It already controlled over 78% of Yukos' shares following an earlier combined investment tender and shares-for-loans auction. Another auction has been the 4% block of shares in NGK Slavneft, an oil company, and larger disposals are expected after the presidential elections.

Mergers, acquisitions and divestments, OAO NK Yukos, Bank Menatep

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Russia issues oil ADRs

Article Abstract:

AO Chernogorneft of Russia, part of the NK Sidanko oil group, issued American Depositary Receipts in March, allowing foreign investors to gain exposure to the company's shares. LUKoil was the first Russian company to issue level one ADRs in January. 7.96% of NK Yukos will also be sold by the government.

Management

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