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To: TobagoJack who wrote (51675)	7/21/2004 5:57:59 AM
From: elmatador	Respond to of 74559

Fisa Brazil Seeks Creation of Yukos 2 Tuesday July 20, 5:00 pm ET SAO PAULO, Brazil, July 20 /PRNewswire/ -- Financier Ricardo Repanas of Fisa Capital Partners Brazil announced that its subsidiary IBG Financial has sent Bruce Misamore, financial director of Yukos Petroleum in Russia, a proposed "Commitment Agreement" that could remove the immediate risk of negative flows in what he termed Yukos' current dollar-confidence ratio in the international market. The proposal comprises several points, among them: (a) the creation of a company called Yukos 2 that would be responsible for employees, suppliers, and legal regulations; (b) fiscal controls and recovery of the international market's confidence; (c) 12% increase in production, or approximately 2,000 barrels per day, with revenue forecast through 2010 of US$35 billion; and (d) a new agreement with lending banks through 2006. Repanas said that the international market recognizes Russia's President Putin to be a serious statesman who seeks to return normalcy to the situation immediately and make Russia an importer of capital in order to sustain his macroeconomic policy. Source: Fisa Group biz.yahoo.com