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  Monday, November 18, 2019
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Transneft petroleum transportation monopoly will carry on partnerly ties with Gazprom and Rosneft after they merge
"Nothing will change. Gazprom and Rosneft are our good partners now, and will stay so later, merger or no merger," Semyon Vainshtock, Transneft president, said to newsmen. Gazprom will affiliate Rosneft before the year's end, with shares accordingly exchanged, it announced last week. The gas monopoly will hold all Rosneft stock on its branches' balance-a 10.7% block. The government Gazprom block will increase to 50% plus one share after the merger and exchange. Transneft will accept petroleum from Yukos as transit fares in kind-that proceeding from mutually agreed prices. The corporate agreement was made after Transneft talks with the drowning mammoth, and concerns roughly 400,000 tons a month, added Mr. Vainshtock. Yukos is exporting a daily average million barrels, 600,000 of this along Transneft lines. Lump Russian petroleum exports roughly amount to a daily 5.5 million barrels, Transneft accounting for four million of the whole. The government holds 75 per cent of Transneft authorized capital and its entire voting stock.
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