ITWASSOOTED: US Says Russia Hampering Foreign Investment in Energy Sector

Wednesday, September 28, 2005

US Says Russia Hampering Foreign Investment in Energy Sector

What is meant by hampering?

U.S. officials are calling on Russia to implement reforms
aimed at promoting foreign investment in its energy sector. The officials testified before a Senate panel Tuesday.


"The United States may not become a primary, direct consumer of the oil and natural gas exports from Eurasia. But developing these reserves and bringing them to the world markets is a strategic, geopolitical, economic and energy interest for the United States," said Senator Chuck Hagel, a Nebraska Republican, who chaired the hearing.

is this what he means?

Update 3: Gazprom buys 72.6% in Sibneft for $13 bln - press release

MOSCOW, September 28 (RIA Novosti)-Gazprom and investment group Millhouse Capital have signed an agreement on Russia's natural gas giant buying 72.663% of Sibneft shares from Millhouse in the country's biggest corporate deal.

A joint news release said Wednesday: "The deal is worth $13.091 billion."

Prospect Investment analyst Dmitry Mangelev said: "This is the biggest deal not only in the history of Gazpom, but also Russia."


Gazprom borrowed a record $12 billion from Western banks last week to finance the Sibneft deal. Three banks - ABN AMRO, Dresdner Kleinwort, and Wassterstein - led the negotiations on the deal and have been joined as underwriters by Citigroup, Morgan Stanley, Goldman Sachs and Credit Suisse.

these must not be western enough banks?
business just means making money for investors right? It has zero to do with any national interests
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