Lukoil sell-off gets under way
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Bidding begins in an auction for a 7.6% government-held stake in Russian oil giant Lukoil.
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Last Wednesday, at the stroke of noon, one of the most lucrative prizes in Russia&#39;s oil industry went under the hammer. Russia&#39;s Federal Property Fund, which controls sales of state assets, auctioned a 7.6
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ConocoPhillipsâs nearly $2 billion strategic investment in Russia may have been marked by an American flag flying over the headquarters of Lukoil, the countryâs second largest oil producer.
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The purchase, which ConocoPhillips, the American energy conern, made at an auction today for the Russian government's stake in Lukoil, sets the stage for projects in Iraq.
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The Russian government is setting a starting price of &#36;1.9 billion for next month's auction of its 7.59 percent stake in the Lukoil oil company. If it gets that price, it would be the most expensive deal in the history of Russian privatization.
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US oil company is looking to buy up to 25% stake in the Russian oil giant, source says. MOSCOW  - US oil major ConocoPhillips is seeking to buy up to 25 percent in Russian oil giant Lukoil, booking
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Russian gas monopoly Gazprom is to sell key oil subsidiary Gazpromneft in a move that may redraw the domestic petroleum industry.
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ConocoPhillips paid nearly $2 billion at auction for the Russian government's stake in Lukoil, a purchase that could allow Conoco to become the first Western company to return to Iraq's oil fields.
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ConocoPhillips will buy 7.6 percent of OAO Lukoil from Russia for $1.99 billion and may raise that stake, expanding its access to the world&#39;s largest oil- and gas- producing country as energy prices surge.
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Russia oil company YUKOS assets may be sold partially by the Russian Justice Ministry in order to cover its outstanding tax bill. The selling-off will probably touch YUKOS main oil subsidiary Yuganskneftegaz.
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Last week Russian state oil firm Rosneft bought out the mysterious buyer of Yukosâ oil subsidiary Yugansk putting to rest for now, wide-scale speculation over the buyerâs identity.
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U.S oil major ConocoPhillips is seeking  to buy up to 25 percent in Russian oil giant LUKOIL to add  billions of barrels of reserves to its books, an industry  source familiar with the matter said on Friday.
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MOSCOW, Russia -- The sale of embattled Russian oil company Yukos to a little known bidder has been called a scandal by some observers and led to speculation the government may make a grabbed for its assets.
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Yukos scrambled to scrape together cash for a crushing tax bill by selling off one of its gas companies in the face of deep investor skepticism that Russia's oil giant could survive its standoff with the state.
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Russia set a date for the auction of Yukos's main unit in a move that will pluck the embattled firm's crown jewel and effectively destroy what last year was considered the nation's best-run oil company.
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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia&#39;s Lukoil -- the world&#39;s number two oil company by reserves -- in Russia&#39;s biggest privatization.
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Russian authorities will continue to sell off the remains of the shattered Yukos oil company, with at least one of its main remaining subsidiaries being sold sometime this spring, a Russian news agency said Tuesday.