Russia in talks with Poland on buying Lithuania's Mazeikiu oil refinery.

By bne IntelliNews February 11, 2010
Russia is in talks with Poland on buying Lithuania 's Mazeikiu oil refinery, now belonging to Poland 's biggest oil company PKN Orlen, Lithuania 's president told Reuters. She added - after meeting Russia 's Prime Minister Vladimir Putin in Helsinki - that the news was confirmed by Putin. "Grybauskaite said it would depend on the success of these negotiations whether Russia would restore crude oil supplies to Lithuanian refiner," Reuters also reported. Russia cut supplies in the middle of 2006 citing leaks, but Lithuania said it was being punished by Moscow for not selling the refiner to Russian oil companies, which were outbid by PKN Orlen, the agency noted. In early February, the Puls Biznesu daily reported, quoting unofficial sources, that Russia's oil concern Lukoil and Rusian-British firm TNK-BP sent out their representatives-lobbyists to sound out whether PKN Orlen would be willing to hand over control over the Mazeikiu refinery. A few days earlier, the Rzeczpospolita daily reported, quoting unofficial sources, that due to the impasse in PKN Orlen's talks with the Lithuania authorities on taking over operating control over the Lithuanian oil terminal Klaipedos Nafta, which would allow Mazeikiu  to significantly lower its exports costs, PKN Orlen is getting closer to the idea of withdrawing from Mazeikiu  Nafta (currently, AB Orlen Lietuva). However, PKN Orlen's CEO Jacek Krawiec told the Rzeczpospolita daily that the firm was not in any negotiations on the sale of Mazeikiu. tom

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