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19

Yukos Sent Lithuanian Refinery Price Sky High

Yukos is ready to sell its controlling stake in Lithuanian oil refinery Mazeikiu Nafta

Yukos is ready to sell its controlling stake in Lithuanian oil refinery Mazeikiu Nafta.

But the price of the stake is 5 times more than Yukos? purchase price - $800 million. Russian former oil giant bought it for $160 million.

The price tag that was put on the Mazeikiu Nafta stake by market experts amounted to $500 million.

The Russian tax authorities did not place Lithuanian refinery under arrest because the owner of the controlling stake in the Lithuanian company is Yukos Finance, a Yukos subsidiary registered in the Netherlands.