Lukoil Plans Investment With Venezuela
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Russian oil giant Lukoil Holdings is planning a $1 billion joint investment with Venezuela's state-run oil company, a top Lukoil official said Thursday.
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The Russian government set a starting price of $1.93 billion for its 7.6 percent stake in oil giant Lukoil that goes up for auction next month, according to a report published early Friday.
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Venezuelan President Hugo Chavez said Wednesday that his oil-rich nation will sign major arms deals in Moscow to acquire Russian fighter jets and produce Kalashnikov assault rifles, and he slammed U.S. criticism of the weapons sales.
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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia's Lukoil -- the world's number two oil company by reserves -- in Russia's biggest privatization.
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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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MOSCOW: Oil giant ConocoPhillips looked close to taking a $US2 billion ($NZ3.11b) stake in Russian major Lukoil on Thursday after Russian officials confirmed the US firm&#39;s interest in the auction of a 7.6 per cent stake.
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ConocoPhillips won a $2 billion stake in  Russia's LUKOIL and said it aimed to raise that to 20 percent  in a sweeping alliance that allows the two oil majors to tap  vast reserves in northern Russia and Iraq.
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US oil major ConocoPhillips is seeking to buy up to 25 percent in oil giant LUKoil to add billions of barrels of reserves to its books, an industry source familiar with the matter said Friday.
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Venezuela said on Thursday U.S. oil giants ConocoPhillips  and Chevron Corp.  have agreed to cede by May 1 operations of multibillion-dollar projects in the Orinoco heavy crude belt.
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ARRECIFE, Venezuela  - A sizable group out of the six foreign oil majors negotiating with Venezuela the nationalization of multibillion dollar projects are about to sign deals, the OPEC member's energy minister said on Wednesday.
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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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MOSCOW : US oil major ConocoPhillips bought a 7.6-percent government stake in Russia&#39;s second-largest producer LUKoil for nearly two billion US dollars 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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U.S. oil major ConocoPhillips is seeking to buy up to 25  percent in Russian oil giant LUKOIL LKOH.RTS, booking  billions of barrels of new reserves, an industry source  familiar with the matter said on Friday. ConocoPhillips shares  closed at $72.70 on the New York Stock Exchange.
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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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MOSCOW : US oil major ConocoPhillips bought a 7.6-percent government stake in Russia&#39;s second-largest producer LUKoil for nearly two billion dollars in the nation&#39;s largest post-Soviet privatization deal.
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When the Russian government's 7.6 percent stake in Lukoil &#151; the world's No. 2 oil company by reserves &#151; is auctioned Wednesday in the nation's biggest privatization, industry watchers aren't expecting any surprises.