The past month has seen two efforts to create CIS national oil and gas champions. Where Russia succeeded, Ukraine failed.
The success is the merger of Gazprom and Rosneft. It consolidates most of the state’s oil and gas holdings, with the exception of its stake in LUKoil, into a single company managed by a single person – Gazprom CEO Alexei Miller. This will help it to manage its energy policy and engage with multinationals such as TNK-BP, Exxon-Mobil and Chevron-Texaco, as other CIS countries have done.
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