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Slovakia wants to discuss Transpetrol with Russia

SLOVAKIA wants to recover its shares in Slovak oil distribution company Transpetrol from Russia, the daily SME wrote. Russian oil company Yukos bought 49 percent of Transpetrol in 2001 in a privatisation sale. However, after the arrest of former Yukos president Mikhail Khodorkovsky, the Kremlin took control of Yukos.

Slovak Economy Minister Jirko Malchárek contacted the Slovak Ambassador in Moscow on October 7. "In a few days we will have a scenario for how to start negotiations officially [with Russia]," said Malchárek.

There are several ways to solve the situation. Slovakia might buy back the Transpetrol shares, or agree with the sale of the stake to a third firm. Russian president Vladimir Putin said in Bratislava in February that Tartar oil company Tatneft could be a buyer.

A unilateral cancellation of the privatisation deal by Slovakia represents a third option.

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

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