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19

Mazeikiu Nafta And Yukos Came To Terms

Lithuania owns 40.66 percent of Mazeikiu shares, while Yukos has a controlling 53.7 percent

Lithuania has concluded talks with Yukos oil company over a Yukos? 10 percent stake in the Mazeikiu Nafta refinery.

Lithuania owns 40.66 percent of Mazeikiu shares, while Yukos has a controlling 53.7 percent of the shares in the refinery.

Both sides have the right to buy an extra 10 percent from each other ? in a protracted dispute whose outcome could potentially hand the control of Mazeikiu to the Lithuanian government.

Mazeikiu Nafta board chairman Nerijus Eidukevicius told Reuters that talks had ended but denied giving comments until the government sees them.

?We will present the results to the government and wider comments will be available in two to three weeks,? the deputy economy minister said.