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Gold/Mining/Energy : LUKOY The largest oil company in the world LukOil unknown -- Ignore unavailable to you. Want to Upgrade?

To: Fred Levine who wrote (846)	8/8/2001 4:12:18 PM
From: Fred Levine	Respond to of 914

13:49 [Tuesday 7th August, 2001] US: Russia needs energy investors trust LONDON - U.S. Commerce Secretary Don Evans was quoted on Tuesday as saying Russia must deliver on a series of energy investments to win the confidence of the industry and build trust with the U.S. Evans told the Financial Times in an interview that two big energy investments would prove critical in convincing sceptical investors to return to Russia. The two are the Caspian pipeline from Azerbaijan to Turkey and on the Russian island of Sakhalin, where Exxon Mobil is leading a consortium to build a gas pipeline to Japan. Evans said Russia's treatment of U.S. investors was critical to the broader bilateral relationship between the two countries - the Bush administration has moved quickly to discuss direct investment in Russia at the same time as pursuing talks on missile defence systems. "If Russia is creating an environment that is friendly to American capital, it strengthens our friendship and it strengthens the trust between the two countries. It leads to this current of peace and prosperity in the world," he said. "There is no question that the energy sector in the last 10 years has had some disappointments, but there are some very important projects that are coming to fruition that will help define the level of trust that we will see between the oil and gas community here and Russia." /Reuters/ fred