Petersburg went awry when the Ministry of State Property there declared the venture funds' controlling position annulled and dismissed the idea of compensation.

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Petersburg went awry when the Ministry of State Property there declared the venture fund's controlling position null and dismissed the idea of compensation.

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Italian energy company Eni holds the coveted 33.3% stake, which it acquired in 2000 in a failed attempt to take a controlling position in Galp.

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The state investment fund also guaranteed it will maintain a controlling shareholder position in 10 other major state-owned financial institutions.

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If they voted yes, short-sellers would be in a position to gain a controlling interest.

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The purchase, which raises Yukos's holding in the company to a controlling 54%, strengthens its position in Russia as second only to Lukoil as an oil producer.

ECONOMIST: Retrenching

In addition, many leaders and managers hesitate to share information with other departments, believing that controlling the data puts them in a position of power.

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The Bush administration is sticking to its position that investing in new technologies, not controlling emissions, is the way to go.

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