1. An agreement was reached on the delivery of Russian oil and petrol to Mongolia. 2. Mr Myasnikovich said the government aimed to carry out price liberalisation, privatisation and structural transformation of the economy to reduce dependence on Russian oil. 3. Almost four years after sinking half a billion dollars into a Russian oil company, BP still has had more frustrations than profits. 4. Although most Russian oil is now privately produced, the Kremlin retains considerable influence over output and export levels. 5. Another Russian oil company, Tyumen, has been courting Western companies, especially BP, to form some sort of strategic partnership. 6. At the root of the gasoline shortage is the continuing decline in Russian oil production. 7. BP Amoco PLC is trying to save a half-billion-dollar investment in a now-bankrupt Russian oil company, Sidanko. 8. A decade of privatization of the Russian oil sector has been a success. 9. Abramovich is already the principal owner of Sibneft, a leading Russian oil conglomerate. 10. After months of importuning, U.S. officials have persuaded the Yeltsin government to restore tax and pipeline privileges to three American-Russian joint ventures that extract Russian oil. |