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To: Crimson Ghost who wrote (46201)	6/10/1999 8:45:00 AM
From: Think4Yourself	Respond to of 95453

Russia to Merge Remaining 3 State-Run Oil Producers in Next 3 Months Moscow, June 10 (Bloomberg) -- The Russian government plans to announce the merger of the last three state-controlled crude oil producers, RAO Rosneft, AO Slavneft and AO Onaco, within the next three months, Russian daily Kommersant reported, citing Fuel and Energy Minister Viktor Kalyuzhny. He said other companies that are ''unable to survive'' may also join the new company and mentioned OAO Sidanco, an oil producer 10 percent-owned by BP Amoco Plc, as an example. He said that to create the new company, the government still has to convince Belarus, which owns 10 percent of Slavneft, to agree to the plan, the paper said. The government, which owns 100 percent of Rosneft, 75 percent of Slavneft and 85 percent of Onaco, first voiced the idea to merge them into one producer in December. -------------------------------------------------------------------------------- © Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: Crimson Ghost who wrote (46201)	6/10/1999 1:39:00 PM
From: BigBull	Read Replies (3) \| Respond to of 95453

George, Japan growth decent? It is amazing, astonishing, and incredible, considering that most economic "experts" were predicting only .2 to .3% growth. I based my previous comments that Japan was one of the down spots in the Asian recovery (for 1st quarter) on those predictions. Boy were "we" ever WRONG. Japan turned out to be BRIGHTEST spot in the Asia BOOM. Look for Asian oil demand to pick substantially from here. Believe me when I tell you that the Japan stats are the talk in ALL of the Asian press. I am no longer Mr. Korea - call me BANZAI BULL! <g> Banzai Bulls Asia Journal (in case anybody is interested) Japan cbs.marketwatch.com manilatimes.net Thailand news.bbc.co.uk Korea hk.co.kr hk.co.kr India economictimes.com economictimes.com economictimes.com Malaysia thestar.com.my