Russia: Lukoil President Dismisses Interest in Repsol YPF Argentina

Not for the first time, Mr Vagit Alekperov President of Lukoil  has dismissed suggestions on the companies interest in The Argetninian unit of Repsol YPF.  Mention was also made of Bashkir and reference to last weeks announcement made by AFK Sistema.

Mr Alekperov said Lukoil was not interested in the Argentine assets of Spanish Repsol. He said that "We are not looking at separate assets. In general, I won't comment on Repsol. It is a much politicized project."

 He was also quoted as saying that the company is not examining opportunities to acquire Bashkortostan fuel companies from AFK Sistema.  He said that "The Bashkir assets were not considered."  Sistema acquired controlling stakes in Bashneft, Ufaneftechim, Novoil Ufaorgsintez, Ufimsky NPZ and Bashkirnefteproduct in April 2009.

Last week Sistema, one of  the largest diversified public financial corporations in Russia and the CIS, which invests in and is a major shareholder of companies operating in different industries, announced that it has submitted a mandatory offer to the Federal Financial Markets Service to acquire minority shares in ANK Bashneft JSC, in accordance with the Russian Federal Law on Joint Stock Companies.  Sistema acquired a controlling stake in ANK Bashneft JSC in April 2009.  The details of the offer will be published following the receipt of the approval from FFMS.

The Bashkirs, are Turkic people indigenous to Bashkortostan, Russia. Groups of Bashkirs also live in the republic of Tatarstan, as well as in Perm Krai and Chelyabinsk, Orenburg, Kurgan, Sverdlovsk, Samara, and Saratov Oblasts of Russia.

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