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The Role of Russia in the Lithuanian Oil Business

SUMMARY This research aims at elaborating performance of an oil refinery owned by a Russian corporation in Lithuania. The article strives to trace how important Russian capital is for the Lithuanian oil business. The study examines the development of the oil refinery: (1) from its initial state-ownership to (2) privatization conducted by an American private company and, finally (3) to its acquisition with the Russian capital. This case study illustrates the importance of foreign direct investment, namely Russian FDI.