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RUSSIA: Oil and Iraq

From Moscow, Cameron Sawyer says: "Lukoil ( is the world s biggest private oil company in terms of proven reserves, and produces 20% of Russia s oil. Lukoil is expanding rapidly into Western markets, building an oil terminal in St. Petersburg for shipments of refined petroleum products to the US, and owns the Getty gas stations in the US. It is good to see that realignment away from such roguish states as Iraq accompanies development of the Russian private sector".

Ronald Hilton - 1/2/03