international magazine
08 / 2009

Forever in debt
PKN Orlen demands $250mn from Yukos International over Mazeikiu nafta deal

Though Yukos, the ill-fated oil company which fell victim to bankruptcy, ceased existing two years ago, dramatic events continue to surround the assets of what was once Russia's biggest oil company. Almost three years after buying the Lithuanian concern Mazeikiu nafta from Yukos, its new owner — Polish PKN Orlen — is trying to win $250mn in court from the seller due to «violations of the conditions of the sale of assets».