Thursday, April 9, 2009

Fedun criticized Eastern Europe for "the political opposition in Russia."

Russian investors withdraw funds from countries in Eastern Europe, particularly Poland and Lithuania, because of "political antagonism to Russia" on the part of those States. The statement was made Vice-President of Lukoil, Leonid Fedun, writes newspaper The Financial Times.
According to the newspaper, now Lukoil, a private company and 20 percent owned by U.S. company ConocoPhillips, is interested in buying two oil refineries belonging to the Polish energy concern PKN Orlen. The Polish Government controls 27 percent of the shares in PKN Orlen. Buying plants have good prospects in terms of business, but has a high political risks, as Poland is concerned that the Russian company will use its presence in the market power of Poland for political purposes.
By the similar arguments in 2008, led the Spanish policy. Remember, in November last year, appeared information that Lukoil intends to buy a significant stake in French oil concern Repsol. Spanish authorities have assumed that their presence in the country's largest oil company Lukoil will be used as a political tool. Later, the Russian company has denied reports that negotiates the purchase.
Because of the political hostility of Eastern Europe to Russia and other affected companies. In early April 2009 the Russian company "Surgutneftegas" has bought 21 percent shares in Hungarian energy company Mol. Previously, the package of securities owned by Austrian energy company OMV. Conclusion of the deal has caused sharp discontent of the Hungarian Government, which promised to enact laws to prevent such transactions in the future. In doing so, the chairman of the board of directors Mol Tszolt Hernadi (Zsolt Hernadi) accused the Austrians of "aiding Russian."

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