Conoco Phillips buys 7.6% in Lukoil for $2 bn
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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 (COP:NYSE - news - research) will seek to buy up to a quarter of Russian oil giant Lukoil, Reuters reported Friday, citing an industry source familiar with the matter.
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MOSCOW  - In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips has won an auction with a bid of nearly &#36;2 billion US for the Russian government's 7.6 per cent stake in Russia's Lukoil - the world's No.&#160;2 oil company by reserves.
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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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Bidding begins in an auction for a 7.6% government-held stake in Russian oil giant Lukoil.
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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 $1.988 billion, the Russian property fund  said on Wednesday.
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The US oil giant ConocoPhillips on Wednesday won an auction to purchase state-held stake of Russia&#39;s second largest oil producer Lukoil.
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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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Moscow, 29 September: LUKoil and ConocoPhillips are to carry out joint work in Iraq, LUKoil vice-president Leonid Fedun told journalists today immediately after the sale at auction of the state package of shares in LUKoil.
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Enbridge Inc. ENB.TO will buy Shell's  Gulf of Mexico natural gas pipelines for $613 million in a move  that will make it a major transporter in the huge gas-producing  area, Canada's No. 2 pipeline company said on Wednesday.
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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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Britain&#39;s BP said Friday it had agreed to sell its stake in a Siberian gas field development to Russian monopoly Gazprom for up to 900 million dollars (669 million euros), as Moscow tightened its grip on its natural resources.
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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia's Lukoil -- the world's number two oil company by reserves -- in Russia's biggest privatization.
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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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MOSCOWâConocoPhillips Co. has won an auction for a 7.6 per cent stake in Russia&#39;s OAO Lukoil Holdings and says it aims to raise that to 20 per cent in an alliance that would allow the two oil majors to tap vast reserves in northern Russia and Iraq.
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MOSCOW, June 22 -- The state-controlled energy giant Gazprom on Friday bought a vast natural gas field in Siberia from a unit of  British-based petroleum conglomerate BP, continuing the Kremlin's policy of shifting control of the country's major energy projects from foreign to state hands.
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LONDON (CBS.MW) -ConocoPhillips Wednesday said it bought a 7.6 percent stake in Russian oil giant Lukoil for $2 billion and the two agreed that the US company could raise its stake to as much as 20 percent.