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To: Dale Baker who wrote (35178)10/13/2003 4:28:03 AM
From: Dale BakerRead Replies (1) | Respond to of 118717
 
Very interesting twist on YUKOY (which has been a very good investment on its own from high 40's):

RUSSIAN PRESS: Yukos May Take Part In Iraqi Oil Projects

DOW JONES NEWSWIRES

MOSCOW -- Russia's largest oil company OAO Yukos (YUKO.RS) may take part in Iraqi oil projects if ExxonMobil (XOM) buys 40% of Yukos, the Kommersant newspaper reported Monday citing a source close to the White House.

Yukos President Mikhail Khodorkovsky told reporters during his Sunday trip to the U.S. that Yukos will take part in tenders to take part in oil projects. The source also said that Russia's President Vladimir Putin promised U.S. President George Bush he wouldn't oppose ExxonMobil's purchase of a stake in Yukos.

Newspaper Web site: kommersant.ru

-By Moscow Bureau, Dow Jones Newswires; 7095-974-8055

Updated October 13, 2003 3:41 a.m.