CERA: Yukos CEO claims BP deal proves PSAs not necessary for Russian investments

The $6.75 billion deal that BP PLC announced Feb. 10 to join its Russian interests with that of the Alfa Group and Access-Renova (AAR) "proves" that production-sharing agreements (PSAs) are not necessary to encourage foreign investment in that country, said Mikhail B. Khodorkovsky, chairman and CEO of OAO Yukos.

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