ConocoPhillips takes 7.6% stake in Russia&#39;s Lukoil
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NEW YORK (CBS.MW) -- US stock futures are pointing to a mixed open Wednesday as the positive impact of a report showing stronger-than-expected second-quarter growth in the US economy was offset by concern oil could surge above $50 a barrel on inventory
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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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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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When a 7.6 percent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - goes under the auction hammer Wednesday in Russia&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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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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MOSCOW : US oil major ConocoPhillips has boosted its stake in Russia&#39;s second-largest oil producer LUKoil to 10 percent, giving Conoco at least one representative on LUkoil&#39;s board.
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Vagit Alekperov, president of Lukoil, gained a new American partner Wednesday, in a deal with ConocoPhilips that was sealed by the Kremlin.
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In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips on Wednesday won an auction with a bid of nearly &#36;2 billion for the Russian government's 7.6 percent stake in Russia's Lukoil &#151; the world's No. 2 oil company by reserves.
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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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US oil firm ConocoPhillips (COP.N: Quote, Profile, Research) will be able to add 10 percent of Russian major LUKOIL&#39;s (LKOH.RTS: Quote, Profile, Research) total reserves to its books after it completes buying a 10 percent stake
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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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US oil giant ConocoPhillips has announced a $US2.4billion ($3.3billion) strategic alliance with Russia&#39;s largest oil company, Lukoil, under which Conoco will buy a 7.6per cent stake in the Russian company and get a share of joint projects.
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ConocoPhillips said on Wednesday it was  seeking 20 percent of Russia'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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A successful bid by ConocoPhillips of the US for 7.96 per cent in Lukoil this week belies a broader sense of disappointment at the size of Russia-bound foreign direct investment (FDI).
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BP PLC said Friday it has agreed to sell its stake in a giant Siberian gas field project to state-controlled gas monopoly OAO Gazprom &#151; a widely expected move that comes as the Kremlin tightens its hold on the world's biggest oil and gas industry.
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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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U.S oil major ConocoPhillips is seeking  to buy up to 25 percent 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.