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The price of friendship

7 April 2009 By Pierre Briancon

Gazprom, for example. The debtladen Russian giant has agreed to buy out Eni’s 20% stake in Gazprom Neft for $4.2bn. The Italian oil major bought in two years ago when former oil major Yukos was broken up, under state pressure. Where will Gazprom get the money? From the state.

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