Conoco leads race for 25% in Lukoil
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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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Oil prices at record highs sent  quarterly profits up at ConocoPhillips COP.N and two other  top U.S. producers 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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In the country&#39;s biggest-ever privatization auction, ConocoPhillips on Wednesday paid nearly $2 billion for a 7.59 percent stake in LUKoil, sealing a strategic alliance between the oil majors and revitalizing energy ties between Russia and the United
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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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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 ConocoPhillips has boosted its stake in Russia's second-largest oil producer LUKoil to 10 percent, giving Conoco at least one representative on LUkoil's board.
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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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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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Record high oil prices sent quarterly  profit up 53 percent at ConocoPhillips COP.N and fueled  results at other oil giants Amerada Hess AHC.N and Kerr-McGee  Corp. KMG.N
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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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: ConocoPhillips said on Wednesday it was seeking 20 per cent in Russiaâs LUKOIL in a far-reaching alliance opening the way for the two oil majors to tap vast reserves in northern Russia and Iraq.
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MOSCOW _ US oil giant ConocoPhillips paid nearly $2 billion for a stake in Russia&#39;s second-largest oil producer Wednesday, a deal touted as Russia&#39;s biggest post-Soviet privatization and
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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.
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ConocoPhillips  posted higher fourth-quarter earnings on Wednesday, beating Wall Street expectations on record oil prices.
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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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NEW YORK, August 27 (New Ratings) - ConocoPhillips (COP.NYS) is reportedly seeking to buy up to a 25% stake in the Russian oil company, Lukoil, which contributes 19% each to the country&#39;s crude oil output and reserves.