05 February 2004 11:21
American oil company seeks joint venture with Russian state-owned major
Moscow, 5 February: Marathon Oil Corporation, a US energy company, has made a proposal to set up a joint venture with
Rosneft on an equal footing, a source close to the American company has told Prime-TASS.
Marathon Oil proposed to transfer to the joint venture its assets in the Severnaya Neft [Northern Oil] company and
Khanty-Mansiysk Oil Corporation [KMOC], controlled by it. Moreover, the US company is ready to allocate its refining and
marketing infrastructure in the USA to the joint venture.
[Editorial note: Back in November 2002, Marathon Oil and Rosneft signed a letter of intent to set up a joint venture
to transport and market Urals crude in the North American market.]
[ITAR-TASS news agency] |
RUSSIA IN FACTS
