ConocoPhillips buys big Lukoil stake
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ConocoPhillips has bought a major stake in Russia&#39;s second largest oil producer OAO Lukoil Holdings. The Houston company, formed by a merger of Conoco and Phillips Petroleum, won
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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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ConocoPhillipsâs nearly $2 billion strategic investment in Russia may have been marked by an American flag flying over the headquarters of Lukoil, the countryâs second largest oil producer.
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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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MOSCOW - U.S. oil giant ConocoPhillips on Wednesday paid nearly $2 billion for a 7.6 percent stake in Russia's Lukoil - the world's No...
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Russia's oil major Lukoil transferred Friday a majority stake in its Bulgaria-based refinery Neftochim to a Dutch filial in a step of a plan to consolidate its holdings in Europe.
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DALLAS (CBS.MW) - ConocoPhillips&#39; deal to buy a stake in Russia&#39;s Lukoil has blockbuster potential for the US company because it opens up vast areas for exploration and development previously off-limits to Western firms, analysts said Wednesday.
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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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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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US oil company ConocoPhillips announced on Thursday, September 30, a tender for the purchase of 20.418 million shares of Russian oil major Lukoil , which amounts to 2.4 percent of the Russian companyâs charter capital.
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Gazprom and U.S. energy company ConocoPhillips Co. have signed a memorandum of understanding on the development of a large Barents Sea gas field, the Russian state-run gas giant said Wednesday.
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MOSCOW Gazprom, the leading Russian gas company, said Tuesday that it would buy one of the country&#39;s largest oil producers, a move that forms a state-controlled energy juggernaut and signals the first step toward ending a ban on foreign ownership of
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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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OAO Rosneft, Russia&#39;s state-owned oil company, bought the winning bidder for the confiscated unit of OAO Yukos Oil Co., Russia&#39;s largest petroleum exporter, Interfax reported, citing an unnamed Rosneft official.
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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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MOSCOW - US oil giant ConocoPhillips Inc. agreed to pay nearly $2 billion Wednesday for the Russian government&#39;s remaining 7.6 percent stake in Lukoil, the world&#39;s No.