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Thursday, May 18, 2006

State pipeline operators merger possible

ST. PETERSBURG, May 18 (RIA Novosti) - Russian Energy Minister Viktor Khristenko said Thursday a merger was possible between state-owned oil-pipeline companies Transneft (RTS: TRNFP) and Transnefteproduct. "In this case any corporate restructuring is of course possible. But this does not mean the physical merger of transport systems," Khristenko told journalists in St. Petersburg. "No decision has been made so far," Khristenko said about the possibility of a merger between Transneft and Transnefteproduct.

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