Russian oil firms to create super-major

摘要

Russian oil majors Yukos and Sibneft Apr 22 unveiled plans for a massive merger set to create te world's fourth-largest oi producer, a move which could scupper hopes of space for a new foreign by-in to Russian oil reserves. Yukos and Sibneft, Russia's first- and fifth-largest oil companies, had been tipped as potential targets for link-ups with foreign partners similar to the BP-TNK joint venture formed in February.