Lukoil Restructures Ownership of Bulgarian Refinery
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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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A majority stake in the embattled Russian oil company Yukos' main production unit will be sold at an auction scheduled for Dec. 19, an announcement in the official government newspaper said Friday, confirming the country's largest oil producer will be broken up as part of a politically charged battle for control over the strategic resource.
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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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Russian state oil firm Rosneft on Friday put its man in charge of Yuganskneftegaz, taking control of the main production unit of oil major YUKOS, which is challenging the government auction of the asset in U.S. courts.
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Russian oil giant Lukoil Holdings is planning a &#36;1 billion joint investment with Venezuela's state-run oil company, a top Lukoil official said Thursday.
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State-controlled Russian oil company Rosneft said Thursday it acquired licenses formerly held by Yukos to develop a number of eastern Siberian oil fields.
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YUKOS is re-concluding contracts with the Lithuanian oil complex Mazeikiu Nafta to make its subsidiaries directly responsible for the supplies, the chief of YUKOS's office in Lithuania, Tomas Gizas has said.
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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 : US oil major ConocoPhillips bought a 7.6-percent government stake in Russia&#39;s second-largest producer LUKoil for nearly two billion dollars in the nation&#39;s largest post-Soviet privatization deal.
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When the Russian government's 7.6 percent stake in Lukoil &#151; the world's No. 2 oil company by reserves &#151; is auctioned Wednesday in the nation's biggest privatization, industry watchers aren't expecting any surprises.
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MOSCOW Russia completed the dismantling of Yukos, its largest oil producer, on Sunday, selling its main subsidiary to a company that was essentially unheard of until three days ago.
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On Saturday, Dec. 25, Russiaâs Federal Anti-Monopoly Service approved the acquisition of Yuganskneftegaz, the core production asset of the embattled Yukos Oil Company , by the state-owned Rosneft Oil Company.
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Mikhail Khodorkovsky has handed over his controlling stake in oil giant Yukos to a close business partner, a Russian newspaper reports.
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NEW YORK, December 22  - Russiaâs gas giant, Gazprom (GAZ.FSE), said yesterday that it had sold the holding structure that took part in the sale of Yukoâs main production unit two days before the auction, in a move aimed at avoiding
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Lukoilâs chief executive, Vagit Alekperov, bought 18.35 million shares in the company for $1.4 billion.
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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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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.