Slovnaft wants Transpetrol shares

SLOVNAFT is interested in buying Transpetrol shares from the troubled Russian oil company Yukos. While Yukos is battling possible bankruptcy over tax fraud charges, the fate of the firm’s 49-percent stake in Slovak pipeline operator Transpetrol is uncertain.

"If the Slovak Economy Ministry succeeds in buying back Yukos’ minority stake in Transpetrol and will offer it for the privatisation, Slovanft will take part in that process", Slovnaft General Director Vratko Kaššovic told the Hospodárske noviny daily.

The Slovak government sold its 49-percent share to Yukos for Sk74 million (€1.85 million) in 2002. Slovnaft took part in the tender but was unsuccessful.

Slovnaft said it would enter any new tender for Transpetrol shares as a member of an international consortium.

Kaššovic sees Transpetrol as a possible tool for ensuring reliable shipments of oil to Slovnaft. He refuses to address speculation that Slovnaft would use a minority share in Transpetrol to strengthen Slovnaft's dominant position on the national oil market.

Economy Minister Pavol Rusko recently mentioned a scenario in which the Slovak government would buy back its minority stake in Transpetrol while Yukos faces possible liquidation.

The Slovak government sent a letter to the Russian government expressing interest in acquiring Yukos’ stake, in hopes that Russia will support its wishes.

Compiled by Marta Durianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: Foreigners’ Police departments remain closed

Slovenia has ordered PCR tests developed by Slovak scientists. Holocaust survivors received the coronavirus vaccine jab.

11 h

Slovakia has more and more vaccines available. State lacks courage

Slovakia is taking a cautious approach to make sure it will be able to deliver second doses when needed.

15 h
Police control at the border crossing in Drietomá (Trenčín Region).

Stricter curfew rules come into force, police intensify checks

Negative test result required when going to work or doing sports in nature.

17 h
The entry of new data is required via Slovensko.sk.

Companies complain about an absurd fee. They need to add information state also has

Firms have to add their representatives’ birth numbers to business register. They can be fined if they fail to do it.

17 h