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Nov 15, 2005

Oil - Russia - Gazprom Still Hopes for End-of-Year Share Liberalization Despite Official Remarks

Moscow,Russia -The Moscow News/Itar-Tass agency -11 Nov 2005: -- 'On Thursday, Nov. 10, Russia’s Deputy Prime Minister Alexander Zhukov, told reporters that Russian ministries and natural gas monopoly Gazprom are unlikely to submit drafts of all documents needed for the liberalization of the monopoly’s share market by the end of the year... “There is not enough time left,” Zhukov said, as quoted by the Itar-Tass agency... Zhukov said that Gazprom’s share market could be liberalized in 2006, only if Gazprom, the Economy and Finance Ministries submit the documents before the end of the year. He added that liberalization in particular means the removal of restrictions on foreign ownership of Gazprom shares...

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