January 2004

Columns

HPIn Europe: Politics of oil – Russian style

After a year in which the Elf scandalwas finally laid to bed in Paris, eyes are now firmly focused onRussia. Observers continue to try to make sense of what ishappening there with regard to Yukos. Whi..

Pitt, R., European Refining & Marketing

After a year in which the Elf scandal was finally laid to bed in Paris, eyes are now firmly focused on Russia. Observers continue to try to make sense of what is happening there with regard to Yukos. While the government sticks firmly to its stance that this is not a political move but is merely aimed at seeking out legal miscreants, the waters surrounding Yukos and Sibneft continue to become more and more muddy. Earlier this year, the merger was announced between Yukos and Sibneft, a move that would have created the world’s fourth largest oil company – behind ExxonMobil, BP and Royal Dutch Shell. The combined entity was to have total reserves of around 19.4 billio

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