Conoco Wins $2 Bln Russian LUKOIL Stake
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ConocoPhillips said on Wednesday it was seeking 20 percent of Russia&#39;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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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.
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Independent oil and gas producer Anadarko Petroleum Corp.  said on Monday it would sell part of its stake in the K2 Unit offshore field in the Gulf of Mexico for $1.2 billion to two unnamed parties.
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US oil major ConocoPhillips is seeking to buy up to 25 percent in oil giant LUKoil to add billions of barrels of reserves to its books, an industry source familiar with the matter said Friday.
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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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MOSCOW Sept. 29, 2004 - In a deal paving the way for future joint ventures, US oil giant ConocoPhillips on Wednesday won an auction with a bid of nearly $2 billion for the Russian government&#39;s 7.6 percent stake in Russia&#39;s Lukoil the world&#39;s No.
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ConocoPhillips, the third biggest U.S. oil company, reportedly plans to exercise its right to double its stake in the Russian oil producer OAO Lukoil to 20 percent.
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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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The government stake in OAO Lukoil, Russia&#39;s largest oil producer, will be sold for at least $1.93 billion next month in the biggest state asset sale in the country&#39;s history.
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U.S. oil major ConocoPhillips launched a  $628 million two-day tender to boost its stake in new Russian  strategic partner LUKOIL to 10 percent, the U.S. firm said on  Thursday.
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Energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars.
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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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The Russian government set a starting price of $1.93 billion (1.6 billion euros) for its 7.6% stake in oil giant OAO Lukoil at an auction set for next month at which ConocoPhillips Corp.
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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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U.S. oil giant ConocoPhilipps on Wednesday bought the Russian government's 7.6 percent stake in Lukoil &#151; the world's No. 2 oil company by reserves &#151; in Russia's biggest privatization.
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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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Houston-based oil company ConocoPhillips and Russia&#39;s largest oil producer, Lukoil, jointly announced Wednesday in Moscow that ConocoPhillips will become a strategic equity investor in Lukoil.