| April 2006 |
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Russian state-owned oil company Rosneft will give priority to individual investors over banks at its initial public offering later this year, a senior executive of Russia's largest savings bank Sberbank said Wednesday.
At a meeting in Tomsk, Central Siberia, Russian President Vladimir Putin and German Chancellor Angela Merkel focused on economic issues, a presidential aide said Wednesday. 
President Vladimir Putin said Wednesday that the East Siberia-Pacific Ocean oil pipeline should pass outside the drainage basin north of Lake Baikal, upsetting plans of the country's state oil pipeline monopolist.
President Vladimir Putin Wednesday slammed Western countries for what he said were unfair practices on global energy markets - and then rounded on the economic state of Siberia.
"The consultations will be held after the UN Security Council chairman demanded on March 29 a report from the IAEA director general to be provided by the end of this week," ministry spokesman Mikhail Kamynin said.
Transneft, Russia's state-owned oil pipeline operator, said Wednesday that the length and costs of a new route for a pipeline to pump Siberian crude to the Pacific could be estimated within two months.



