ConocoPhillips Says Lukoil Stake to Boost Reserves by 10%
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ConocoPhillips said it probably will add the equivalent of 800 million barrels of oil to its proved reserves after its $1.99 billion investment in OAO Lukoil, Russia&#39;s biggest oil company, and a planned increase in the stake.
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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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The Russian LUKoil is ready to invest another US$400 million in the Bulgarian-based petrochemical plant, LUKoil-Neftochim Burgas by 2012, to double the present-day total, said Vaghit Alekperov, LUKoil ...
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When the Russian government&#39;s 7.6 per cent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - is auctioned Wednesday in the country&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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MOSCOW ConocoPhillips has upped its stake in the Russian oil giant Lukoil to ten percent. That&#39;s according to a Lukoil official.
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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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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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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.
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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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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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The purchase, which ConocoPhillips, the American energy conern, made at an auction today for the Russian government's stake in Lukoil, sets the stage for projects in Iraq.
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US oil major ConocoPhillips bought a 7.6-percent government stake in Russia's second-largest producer LUKoil for nearly two billion dollars in the nation's largest post-Soviet privatization deal.
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MOSCOW Houston-based ConocoPhillips is seen as the front-runner in an auction for a stake in the Russian oil company Lukoil. A seven-point-six percent stake in the world&#39;s Number Two oil company by reserves
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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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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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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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U.S. oil major ConocoPhillips won an auction for a 7.6 percent state stake in Russian oil giant LUKOIL with a bid of &#36;1.988 billion, the Russian property fund said on Wednesday.