ConocoPhillips Buys Stake in Lukoil
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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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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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Russian state-owned oil company Rosneft has bought the mysterious buyer of Yukos&#39; most important production unit, Russian news agencies reported late Wednesday, in a deal that appeared to move the unit one step closer to ownership by state-controlled gas
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EU antitrust regulators gave their approval on Wednesday to Russian energy group Lukoil's plans to buy the filling stations of US oil giant ConocoPhillips in seven European countries.
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The main production unit and jewel in the crown of Yukos, the beleaguered Russian oil group, was bought by a mystery shell company yesterday for a fraction of its real value, in
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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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Russian officials handling the sale of a stake in oil giant Lukoil have set a opening price of $1.9bn (Â£1bn) for 7.6% of the 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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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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MOSCOW The Russian government said Thursday it would auction its 7.59 percent stake in Lukoil next month with an opening price of $1.
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Reuters reported Thursday that Russian officials confirmed that Houston-based oil giant ConocoPhillips is interested in taking a $2 billion stake in Russian oil major LUKOIL.
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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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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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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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When the Russian government&#39;s 7.6 percent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - is auctioned Wednesday in the nation&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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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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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.