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Oil deal coming along

Aug 26, 1999
Paul Beckman

VILNIUS - The process of privatizing the Lithuanian oil sector, which has been going on all summer, finally seems to be getting somewhere.Working out the deal between Williams International, an American energy company which has been aiming to purchase a 33 percent stake in the Lithuanian oil sector, and the Lithu-anian government through negotiations has proven to be a complicated process. The Americans are planning to spend $150 million to purchase the stake and have the option of doubling that ...

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