In 2002, Yukos was the ideal investor for Slovak Transpetrol, as Yukos was one of the Russia's largest oil producers, and hence had enough oil to fill Transpetrol's pipelines. Just as important, Yukos was the standard-bearer for Russia's more transparent, well-managed oil sector. Unlike some Russian energy companies, Yukos' conduct never raised suspicions that it was acting as an agent for the Russian State in its former empire. Nevertheless, the situation at the beginning of 2005 is different from 2002. Yukos' forthcoming bankruptcy negates all those advantages because of which Yukos was welcomed as the strategic investor and leaves the Slovak Government with a lot of additional problems. For any decision that the Slovak Government would like to undertake, the agreement of the Russian side is necessary. No swift resolution is likely. Important decisions about the future of the respective oil industry may be made in Moscow rather than in Bratislava.
Yukos' stake in Slovak Transpetrol
Journal of East-West Business ; 11 , 3/4 ; 97-107
2005
11 Seiten, 21 Quellen
Article (Journal)
English
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