Tuesday, January 30, 2007. Issue 3585. Page 1.
By Miriam Elder
Staff Writer
Recent partnership deals between Rosneft and Gazprom have paved the way for major shifts in the energy industry that will further squeeze out foreign oil majors while enabling a much-needed boost in production, analysts say.
The two state-owned companies have emerged from the dust of a failed merger that collapsed in May 2005 amid an acrimonious struggle over who would snatch up the main production unit of bankrupt Yukos, and now appear ready to put their feuding behind them.
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