Russian officials announced that Chinese National Petroleum Company could take a 20% stake in a key subsidiary of Russia’s embattled Yukos oil company. Yuganskneftegas was recently purchased by the state-owned Rosneft, which is planned to merge with Gazprom. Yukos’ chief, Mikhail Khodorkovsky, was arrested on corruption charges last year.
See reports in the New York Times, Globe and Mail, and Forbes.
