The Russian companies SIBNEFT and YUKOS OIL will begin negotiations to merge their activities to create a heavyweight in the sector at fifth largest oil company in the world will daily output at 2.2 million barrels. According to the Financial Times, YUKOS OIL will propose USD 3 bn in cash for 20% of SIBNEFT and the rest by the end of the year. Stock market capitalisation of the new undertaking known as YUKOS-SIBNEFT, and for which the majority of its capital will be owned by YUKOS OIL, could...