PetroCan CEO shrugs off risk of Gazprom deal
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CALGARY - Petro-Canada chief executive Ron Brenneman yesterday dismissed the risks of investing in Russia, a day after reaching a major deal with state-owned gas producer Gazprom.
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Rio Tinto  , the world's second-largest mining group, on Tuesday dismissed talk that it was lining up a bid for Canadian aluminum maker Alcan  as speculation, but did not to deny the rumor outright.
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Russia's gas monopoly Gazprom said there was no danger of seeing the state lose control over the company, after a lawmaker accused a bank of helping foreigners illegally purchase Gazprom stock, sparking concern among foreign investors here.
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MOSCOW (CP) - Petro-Canada and Russia&#39;s Gazprom have signed a tentative deal aimed at shipping liquefied natural gas to North American markets by 2009.
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MONTREAL/NEW YORK  - Alcan Inc.   has rebuffed requests by Alcoa Inc.  for a meeting to discuss Alcoa's hostile $28.6 billion offer for the Canadian aluminum producer, a regulatory filing showed on Tuesday.
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NEW YORK, December 22  - Russiaâs gas giant, Gazprom (GAZ.FSE), said yesterday that it had sold the holding structure that took part in the sale of Yukoâs main production unit two days before the auction, in a move aimed at avoiding
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The aluminum producer Alcoa said in a statement that it would continue to pursue its $27.4 billion cash and stock bid for a rival, Alcan, despite the Canadian companyâs rejection of the offer. But Alcoaâs chairman and chief executive, Alain J. P. Belda, said that the company would not enhance the proposal, which Alcan called inadequate. âWe have studied Alcanâs response and have not seen anything that would lead us to re-evaluate our offer,â Mr. Belda said. He also rejected suggestions by Alcan that Alcoa would have difficulty obtaining antitrust approval for the merger and urged Alcanâs board to resume its examination of the bid.
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Royal Dutch Shell  CEO Jeroen van der Veer met Gazprom  chief Alexei Miller on Friday in Moscow to discuss admitting the Russian gas monopoly to the Sakhalin-2 project, Gazprom said.
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The main asset of Yukos, the crippled Russian oil company, will not be integrated into Gazprom, the state gas monopoly, but will remain as a separate state-controlled group, the Russian government said on Wednesday.
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The American chief executive of Russia&#39;s embattled oil giant Yukos yesterday held out little hope of saving the company from dismemberment by the Putin government this month.
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A top Gazprom executive voiced opposition on Wednesday to foreign ownership of Russian energy reserves, saying it could deprive Russian consumers of much-needed natural gas, news agencies reported.
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As its merger unfolds with state-owned oil company Rosneft, Gazprom will not acquire Yuganskneftegaz, former key production unit of YUKOS oil company, Dmitry Medvedev, chairman of the Gazprom board, was cited as saying by Mayak radio.
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MOSCOW : A deal between French energy group Total and Russian gas firm Novatek shows that oil majors have an appetite for Russia&#39;s energy riches despite the Yukos affair, but also the limited role now possible for foreigners in this strategic sector
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MOSCOW : The Russian state will maintain some restrictions on foreign ownership in gas giant Gazprom after the liberalisation of its shareholding structure, a top minister said.
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The Russian leader strongly defended the purchase by a state-controlled company of the winner of Sunday's auction for the largest subsidiary of the oil giant Yukos.
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The transfer of the embattled Yukos oil company's key subsidiary to a state-owned buyer has caused no production hiccups, a senior Russian Cabinet member said in an interview published Monday.
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The Canadian aluminum maker Alcan has denied a request by a rival, Alcoa, for further talks on Alcoaâs hostile $27.5 billion takeover bid.