Russian Government to Sell Stake in Lukoil
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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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The Russian Justice Ministry has completed an assessment of the Yukos oil company and will sell off some of the company's assets, the ministry said in a statement Tuesday carried by the Interfax news agency.
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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 $1.988 billion, the Russian property fund  said on Wednesday.
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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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ConocoPhillips, the third-largest US oil company by sales, is set to pay at least $1.9 billion for the Russian government&#39;s remaining stake in OAO Lukoil, the nation&#39;s largest oil producer.
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Gazprom, Russia's gas monopoly, says it will bid in the $8.65bn government sale of the main production arm of embattled oil firm Yukos.
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes, officials said.
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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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Russia looks ready to sell the key production unit of beleaguered oil group YUKOS on Sunday and put it back in state hands after almost a decade under private management.
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Russian privatisation officials set a starting price of nearly $2bn for next month's auction of a stake in oil giant Lukoil.
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MOSCOW : The Russian state will maintain some restrictions on foreign ownership in gas giant Gazprom after the liberalisation of its shareholding structure, a top minister said.
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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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The Russian government said it will auction off Yukos's largest oil subsidiary at a price the company's chief executive called "state-organized theft."
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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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China's biggest oil and gas producer could be offered a 20 percent stake in a Russian state company that will control Yukos' former key subsidiary, a Russian minister said Thursday, in an apparent attempt by authorities to avoid legal fallout from the disputed auction of the Yukos unit.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order seeking to block  Sunday's auction for 10 days.
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U.S. oil giant ConocoPhillips Inc. agreed to pay nearly &#36;2 billion Wednesday for the Russian government's remaining 7.6 percent stake in Lukoil, the world's No. 2 oil company &#151; a deal expected to clear the way for joint ventures in Siberia and Iraq, while allaying broader concerns about the Kremlin's commitment to foreign investment.