Russian oil majors seek foreign cash

Article Abstract:

Major Russian oil firms are seeking overseas investors via convertible bond issues during summer 1995. Oil company LUKoil has been given permission to sell its bonds and expects to raise $222 million, earmarked to pay off government debts. Separately, state-owned oil holding company Sidanko will issue convertible bonds valued at 500 billion roubles as part of its privatization programme. Meanwhile, oil company Purneftegaz plans to sell shares to institutional investors overseas.

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Persuasion necessary in Bolivia

Article Abstract:

The planned transfer of Bolivian state-owned oil producer YPFB to the private sector is being challenged by the Bolivian workers confederation, the COB. The opposition has delayed YPFB's privatization, but it is crucial that COB's campaign is not allowed to succeed because the government wants Bolivia to become a distribution hub for natural gas resources in the region. To date, four companies have been capitalized, including telecom monopoly Entel and state railway Enfe.

Yacimientos Petroliferos Fiscales Bolivianos

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Jamaica privatisations in the pipeline

Article Abstract:

Some 70% of Jamaica's state-owned oil refinery Petrojam has been sold to a management-led consortium for $68 million. Other partners include Austin Blade of Austria and US-based Amercar Trading. Of Jamaica's three planned privatizations, two have now taken place, with the remaining one being the country's electricity monopoly Jamaica Public Service Co.. The government's privatization program is due to be completed by end-1996.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric services, Mergers, acquisitions and divestments, Petroleum refineries, Jamaica, Petrojam, Jamaica Public Service Co.

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