Iraqi oil seen flowing through Moscow
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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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ConocoPhillips said on Wednesday it was  seeking 20 percent of Russia's LUKOIL in a far-reaching  alliance which opens the way for the oil majors to tap vast  reserves in northern Russia and Iraq.
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Investors will watch for oil news from  Russia and Iraq this week, but skepticism that crude prices  will stay sky-high is growing and a break in the energy market  would fuel a rally in the U.S. stock market.
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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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Iraq is still too dangerous for Russian  companies to work there, President Vladimir Putin was quoted as  saying on Friday.
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Iraqi Premier Iyad Allawi arrives Monday in Russia for the first time since taking office six months ago with hopes of ending the row over Moscow&#39;s oil contracts with Saddam Hussein&#39;s regime.
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The Iraqi government of Saddam Hussein issued millions of dollars in lucrative oil export vouchers to leading French, Russian and other foreign politicians as part of a concerted effort to win their assistance in lifting UN sanctions against Iraq, according to a CIA report made public here.
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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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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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Russia, the world&#39;s second-biggest oil exporter, will benefit most from a Siberian crude oil pipeline to the Pacific rather than to China as energy resources are needed to develop the
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With a Putin aide now at its helm, Russia's state-run oil firm seems set to grab the falling giant's assets
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The fate of Yuganskneftegas - the Russian oil firm sold to a little-known buyer on Sunday - is the subject of frantic speculation in Moscow.
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ConocoPhillips paid nearly $2 billion at auction for the Russian government's stake in Lukoil, a purchase that could allow Conoco to become the first Western company to return to Iraq's oil fields.
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Russian firms bought about 30 percent  of the oil sold under Iraq's now-defunct oil-for-food program,  according to a U.N. investigator's extensive list of companies  that did business with Saddam Hussein's government.
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Russia is trouncing the West in the race to gain access to its neighbors enormous oil and gas reserves.
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After creating difficulties last month, Russia is now cooperating with the independent investigation into alleged corruption in the multibillion-dollar U.N. oil-for-food program in Iraq, a spokesman for the investigation said Friday.
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Iraqi Prime Minister Iyad Allawi arrives in Moscow for the first time since taking office six months ago with hopes of soothing tensions over Russia's opposition to the US-led war in his ravaged nation.