Vilnius, Oct 14 (ELTA)–The Lithuanian parliament on October 20 will vote on the package of proposed laws concerning the sale and purchase of the oil refinery Mazeikiu Nafta. If adopted the package will grant the right to the government to borrow up to 3 billion litas (870 million euros) to buy the stock of the oil refinery owned by the embattled Russian concern YUKOS.
The proposed law would give the government the right to sell up to 30.66 percent of its own shares in the refinery to the new buyer of, leaving the government just 10 percent of the company’s stock.
The proposed bill also requires that any transactions regarding the stock has to be approved by the parliament.
There are at least eight potential buyers. Two of them–TNK-BP and LUKoil–have offered to pay up to one billion dollars for 53.7 percent of the stock [LUKoil is a Russian company].