Conoco Wins $2 Billion LUKOIL Stake
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ConocoPhillips said on Wednesday it was  seeking 20 percent of Russia's LUKOIL in a far-reaching  alliance which opens the way for the oil majors to tap vast  reserves in northern Russia and Iraq.
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American oil giant ConocoPhillips has acquired the Russian government&#39;s 7.59 percent stake in Lukoil, one of Russia&#39;s largest crude producers, for $1.
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Shell has reached a deal with Russia's Gazprom over the multi-billion dollar Sakhalin-2 oil and gas project, reports say.
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ConocoPhillips has increased its stake in Lukoil to 10 percent, an official in the Russian company said Wednesday, positioning the US oil giant to claim a seat on the board of the world&#39;s No.
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An oil company controlled by the Russian government, Rosneft, said it had bought the company that had won Sundayâs auction for the largest arm of oil giant Yukos.
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U.S. oil giant ConocoPhilipps on Wednesday bought the Russian government's 7.6 percent stake in Lukoil &#151; the world's No. 2 oil company by reserves &#151; in Russia's biggest privatization.
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Front-runner Conoco Phillips today won the auction for 7.6 per cent of Russian oil and gas group Lukoil, bidding some $2 billion, in a deal that also takes the US group into a joint venture to exploit the Timan-Pechora area of Russia.
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In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips on Wednesday won an auction with a bid of nearly &#36;2 billion for the Russian government's 7.6 percent stake in Russia's Lukoil &#151; the world's No. 2 oil company by reserves.
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ConocoPhillips said on Wednesday it was  seeking 20 percent of Russia's LUKOIL in a far-reaching  alliance that opens the way for the oil majors to tap vast  reserves in northern Russia and Iraq.
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An oil company controlled by the Russian government, Rosneft, said yesterday that it had bought the company that had won Sunday&#39;s auction for the largest subsidiary of the oil giant Yukos.
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Oil firm BP sells its stake in a Siberian gas field development to Russian state-controlled firm Gazprom.
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The US oil giant ConocoPhillips on Wednesday won an auction to purchase state-held stake of Russia&#39;s second largest oil producer Lukoil.
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Moscow, 29 September: LUKoil and ConocoPhillips are to carry out joint work in Iraq, LUKoil vice-president Leonid Fedun told journalists today immediately after the sale at auction of the state package of shares in LUKoil.
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US oil company ConocoPhillips announced on Thursday, September 30, a tender for the purchase of 20.418 million shares of Russian oil major Lukoil , which amounts to 2.4 percent of the Russian companyâs charter capital.
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A successful bid by ConocoPhillips of the US for 7.96 per cent in Lukoil this week belies a broader sense of disappointment at the size of Russia-bound foreign direct investment (FDI).
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ConocoPhillips said on Wednesday it was seeking 20 percent of Russia&#39;s LUKOIL in a far-reaching alliance that opens the way for the oil majors to tap vast reserves in northern Russia and Iraq.
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Vagit Alekperov, president of Lukoil, gained a new American partner Wednesday, in a deal with ConocoPhilips that was sealed by the Kremlin.