Law amended, deal with Williams looms

  • 1999-10-07
  • By Paul Beckman
VILNIUS - The Parliament adjusted a handful of laws Oct. 5 that are likely to clear the way for the American company Williams International to close a deal on a controlling stake in the Lithuanian oil sector.The Parliament voted to amend a current law so that the state would be allowed to hold less than 25 percent in Mazeikiu Nafta, the country's oil complex that includes a refinery, pipeline and import-export terminal. Previously, the state could not hold less than 25 percent of shares in the oil sector.This opens up the way for Williams to buy an initial one-third stake in the oil compl...
 
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.


In case you don't have a subscription yet - please visit our SUBSCRIPTION section