Industry watchers view ConocoPhillips as favourite in Lukoil ...
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When the Russian government&#39;s 7.6 per cent stake in Lukoil - the world&#39;s No. 2 oil company by reserves - is auctioned Wednesday in the country&#39;s biggest privatization, industry watchers aren&#39;t expecting any surprises.
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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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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia&#39;s Lukoil -- the world&#39;s number two oil company by reserves -- in Russia&#39;s biggest privatization.
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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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U.S. oil major ConocoPhillips is seeking to buy up to 25  percent in Russian oil giant LUKOIL LKOH.RTS, booking  billions of barrels of new reserves, an industry source  familiar with the matter said on Friday. ConocoPhillips shares  closed at $72.70 on the New York Stock Exchange.
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ConocoPhillips won a $2 billion stake in  Russia's LUKOIL and said it aimed to raise that to 20 percent  in a sweeping alliance that allows the two oil majors to tap  vast reserves in northern Russia and Iraq.
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US oil major pays nearly $2B for 7.6% of Russian firm, partnership eyes projects in Russia, Iraq. MOSCOW  - US oil major ConocoPhillips and Russia&#39;s Lukoil announced Wednesday they would form a strategic
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ConocoPhillipsâs nearly $2 billion strategic investment in Russia may have been marked by an American flag flying over the headquarters of Lukoil, the countryâs second largest oil producer.
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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.
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MOSCOW: Oil giant ConocoPhillips looked close to taking a $US2 billion ($NZ3.11b) stake in Russian major Lukoil on Thursday after Russian officials confirmed the US firm&#39;s interest in the auction of a 7.6 per cent stake.
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In the country&#39;s biggest-ever privatization auction, ConocoPhillips on Wednesday paid nearly $2 billion for a 7.59 percent stake in LUKoil, sealing a strategic alliance between the oil majors and revitalizing energy ties between Russia and the United
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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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MOSCOW - US oil giant ConocoPhillips Inc. agreed to pay nearly $2 billion Wednesday for the Russian government&#39;s remaining 7.6 percent stake in Lukoil, the world&#39;s No.
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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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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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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.