Contradicting news appeared today relating to Mazeikiu Nafta tender, with the report in Russiann newspaper Vedomosti that YUKOS has agreed to sell its 53.7 percent stake in Mazeikiu to PKN Orlen. Earlier sources indicated Lithuanian Government as the tender winner, with the view on selling it further to KazmunaiGaz. However, it has been not clear, how it managed to outbid PKN Orlen’s offer of USD 1.5bn, with an offer amounting to only USD 1.3bn? We would expect strong positive impact on the stock price, in the case of Mazeikiu Nafta tender final outcome being favorable for PKN Orlen.