Rosneft’s China Gas Ambitions Said to Hit Bureaucratic Setback
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OAO Rosneft’s gas ambitions suffered a setback as the Russian government failed to back the state-controlled company’s push for the right to use OAO Gazprom’s planned natural gas export pipeline, according to two people with knowledge of the matter.
With Gazprom fighting to defend its export monopoly from Rosneft, the government refused to choose between Russia’s two biggest companies in a report to President Vladimir Putin last week, the people said, asking not to be identified as talks aren’t public.