Russian Oil Giant Hopes ConocoPhillips Deal Will Help Iraq Project
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Russia&#39;s top oil company, Lukoil, hopes that a US oil company&#39;s acquisition of a 7.6 percent stake could boost its chances to retain a Saddam-era production-sharing
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DALLAS (CBS.MW) -- ConocoPhillips said Wednesday it has signed an agreement with Russia&#39;s Gazprom to jointly study the development of the Shtokman gas field in the Barents Sea.
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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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No. 3 US oil company ConocoPhillips (COP.N: Quote, Profile, Research) on Wednesday forecast higher capital spending in coming years and reaffirmed its production targets, banking on rising output in the Asia-Pacific region.
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The Russian government set a starting price of $1.93 billion (1.6 billion euros) for its 7.6% stake in oil giant OAO Lukoil at an auction set for next month at which ConocoPhillips Corp.
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Gazprom, Russia&#39;s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company&#39;s main production asset, sold to a mystery bidder on Sunday.
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U.S. oil major ConocoPhillips won an auction for a 7.6 percent state stake in Russian oil giant LUKOIL with a bid of &#36;1.988 billion, the Russian property fund said on Wednesday.
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US oil major ConocoPhillips bought a 7.6 per cent government stake in Russia&#39;s second-largest producer LUKoil for nearly $US2 billion on Wednesday in the nation&#39;s largest post-Soviet privatisation deal.
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US oil major pays nearly $2B for 7.6% of Russian firm, partnership eyes projects in Russia, Iraq. MOSCOW  - US oil major ConocoPhillips and Russia&#39;s Lukoil announced Wednesday they would form a strategic
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US 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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US oil major ConocoPhillips bought a 7.6-percent government stake in Russia's second-largest producer LUKoil for nearly two billion dollars in the nation's largest post-Soviet privatization deal.
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MOSCOW  - U.S. oil giant ConocoPhillips Inc. agreed to pay nearly &#36;2 billion US Wednesday for the Russian government's remaining 7.6 per cent stake in Lukoil, the world's No. 2 oil company. The deal is expected to clear the way for joint ventures in Siberia and Iraq, while allaying broader concerns about the Kremlin's commitment to foreign investment.
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US oil firm ConocoPhillips (COP.N: Quote, Profile, Research) will be able to add 10 percent of Russian major LUKOIL&#39;s (LKOH.RTS: Quote, Profile, Research) total reserves to its books after it completes buying a 10 percent stake
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American oil company ConocoPhillips acquired the Russian government&#39;s 7.6% stake in Lukoil yesterday, after bidding almost $2bn (Â£1.
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MOSCOW: Us oil major ConocoPhillips is seeking to buy up to 25% 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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MOSCOWâConocoPhillips Co. has won an auction for a 7.6 per cent stake in Russia&#39;s OAO Lukoil Holdings and says it aims to raise that to 20 per cent in an alliance that would allow the two oil majors to tap vast reserves in northern Russia and Iraq.
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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.