VOL. XLV

No 21

27-May-2002

SUPPLY/DEMAND

Yukos Chief Argues For Russia-EuropeEnergy Partnership

One of the primarytargets of Russian oil policy is to build a stronger partnership with Europe,which consumes most of Russiasexported oil, according to Yukos President and CEOMikhail Khodorkovsky. Speaking at the Third Oil Summit in Paris on 25 April, Mr Khodorkovsky said that theglobal oil market was characterized by a high level of competition, but thatthe most efficient companies in Russia (outside...