Lukoil deal flies in the face of Russia&#39;s lost opportunities for ...
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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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MOSCOW The stakes are high in the much-publicized feud between the Kremlin and the Russian oil giant Yukos - so high that the outcome of that battle will shape how the country&#39;s energy industry grows in 2005 and beyond.
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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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Not even oligarchs can stand in the way of Russia as it buys back control of its mining and metals industry.
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The Russian government is setting a starting price of &#36;1.9 billion for next month's auction of its 7.59 percent stake in the Lukoil oil company. If it gets that price, it would be the most expensive deal in the history of Russian privatization.
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The nationalisation of Russian oil major YUKOS&#39;s main unit has cast doubt over the timing of plans to create a huge state energy holding and liberalise trade in the shares of gas monopoly Gazprom, analysts said on Friday.
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In one huge move, the Kremlin has created a global giant, may have resolved the question of Yukos&#39; fate, and has undone another part of Yeltsin&#39;s legacy.
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HAMISH ROBERTSON: But first to Moscow where the future of Russia&#39;s largest oil company, Yukos, isn&#39;t looking too bright this weekend.
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Talk intensifies that oil company will sell its key Siberian unit for low price to pay back taxes. MOSCOW  - Shares of Russian oil company Yukos fell Monday as fears intensified that the firm&#39;s key
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Russia's Yukos does not begin the week teetering on the edge of ruin where it has been for months now. The oil giant is flat on its back, gasping for its last breaths of air.
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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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Trading partners keep exports flowing; Russia tries to avoid blame for high world oil prices. MOSCOW  - Traders have been paying for Russian oil major Yukos, whose bank accounts are frozen due to a tax dispute with the state, to ship its oil by ...
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Russiaâs strategy to secure a monopoly for Gazprom on exports to Asia is threatening an important investment by BP.
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Russia is toying with China and Japan, both of which are courting its oil, in a pipeline drama that could see the downtrodden giant Yukos and its assets play the clinching role.
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Yukos&#39; future has been thrown into fresh doubt amid reports that Russia is planning to sell 77% of its key oil production unit by the end of November.
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The absorption of Russian state-owned oil company Rosneft by the gas giant Gazprom appeared to run into trouble amid press reports of furious infighting among top Kremlin officials over the deal.
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The move brought intense speculation that the Russian government may seek to leverage the investment into a strategic partnership with the company.