RUSSIA FEATURE

BY MARK ROWETHE RUSSIAN oil and gas industry is one sector where comparison with the matryoshka doll - the dolls beloved by tourists that open up to reveal a series of ever smaller dolls within - seems particularly apt. Inside the outer doll, which represents the industry as a whole, you find a smaller doll representing Gazprom, the natural gas monolith. Inside again is Rosneft, the only Russian oil company that is completely owned by the state. The oil giant Yukos is in there too. And then finally, some analysts would suggest, at the heart of the doll, is the ...


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