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A spokesman for Russia’s Gazprom said here Friday that contrary to press reports, the state-controlled energy giant has no interest in acquiring a 20 percent stake in Spanish oil company Repsol-YPF.

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MOSCOW, Nov 14 (Reuters) - Russia’s gas export monopoly Gazprom denied on Friday that it wanted to buy a 20 percent stake in Spanish oil major Repsol, as the stake was too small. Russian news agencies earlier this week quoted deputy Prime Minister Alexander Zhukov as telling a Russian-Spanish intergovernmental commission in Madrid that Gazprom was considering buying the stake. “Gazprom never had …

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By JOHN C.K. DALY UPI International Correspondent WASHINGTON, Nov. 14 (UPI) — As the world simmers through economic gyrations, Russia’s economy, heavily dependent on energy exports, has seen a massive shrinking of its hard currency earnings. The government is attempting to prop up the ruble, even as the European Union seeks a way to lessen its dependence on Russian natural gas imports.

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Need to know: Pru bonus cuts … JCB job cuts … Gazprom delays
Times Online, UK -13 hours ago
London Stock Exchange: The exchange has suspended a share buyback programme and said the markets would remain “difficult and uncertain”.

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KILL THE COMPETITION: Airlines unite … Dow chaos … Germany
Times Online, UK -3 hours ago
The Independent: Russian suggestions its state-owned monopoly Gazprom could buy a stake in Repsol, the energy conglomerate, was greeted with shock bordering

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