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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: RealMuLan	12/19/2004 10:05:44 PM
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Unknown Firm Wins Bid for Russian Oil Giant By ERIN E. ARVEDLUND and STEVEN LEE MYERS Published: December 19, 2004 OSCOW, December 19 - Russia completed the dismantling of Yukos Oil today, selling off the country's largest oil subsidiary to a company that was essentially unheard of until three days ago. The winner of the Russian oil industry's crown jewel was not just an unknown but also a complete surprise, since Gazprom, the country's natural gas monopoly, had appeared to have positioned itself to take over Yukos, formerly the country's No. 1 private oil producer. The mystery surrounding the winner - a company called Baikal Finans Group and registered in Tver, a regional town near Moscow - immediately raised suspicions in the minds of industry analysts that the winning bidder was acting on behalf of Gazprom, or even the state itself. nytimes.com

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