Paksas won't sign Williams deal

  • 1999-10-21
  • By Paul Beckman
VILNIUS - Prime Minister Rolandas Pakasas plunged the fate of more than 18 months of negotiations into doubt Oct. 18 when he announced he would not sign a deal to allow U.S. energy company Williams International to buy into the state-owned Mazeikiu Nafta oil complex.Paksas' announcement and the subsequent resignation of two top ministers in his cabinet surprised just about everyone and has thrust the stability of the Lithuanian government in question.Lithuania and Williams were nearing an agreement that would have cleared the way for the latter to buy a one-third stake in the oil sector for...
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