Russia aims to secure $4.7 billion from overseas borrowing in 2001

Article Abstract:

Russia will borrow around $4.7 billion (5.21 billion euros) from the International Monetary Fund and the World Bank in 2001.

International Monetary Fund, Finance, Economic policy, World Bank

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Sibur says it will consider eventual BorsodChem control

Article Abstract:

Sibur is studying the possibility of acquiring a controlling share in BorsodChem Rt. Sibur presently controls 24.8% of BorsodChem.

Strategy & planning, Hungary, Natural Gas Processing, Natural Gas Liquid Extraction, Natural gas liquids, Planning, Borsodchem Rt, Sibur

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Russia outlines Gazprom, Rosneft sales

Article Abstract:

Details on the privatizations of RAO Gazprom and NK Rosneft were released on Aug. 3, 1998, by the Russian government. As the government of Russia rushes to increase revenue, the privatizations of Gazprom and Rosneft, which are two of Russia's largest assets, will be effected sometime in 1998. The minimum price for the controlling interest in Rosneft was set by the Russian government at $1.6 billion, while the 5% interest in Gazprom would be valued at around $1.25 billion at the price of the firm's American depository receipts. Rosneft is the last principal state-controlled oil firm of Russia, while Gazprom is the biggest natural-gas firm in the world.

Comment:

Details on the privatizations of this co are released on 8/3/98 by the Russian government

Organizational history, Natural Gas, Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Petroleum industry, Petroleum, RAO Gazprom, Article, NK Rosneft

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