Russian oil giant Lukoil is discussing a joint venture with ConocoPhillips of the US, according to a press report
Published:
11 November 2003 y., Tuesday
Russian oil giant Lukoil is discussing a joint venture with ConocoPhillips of the US, according to a press report.
Lukoil chief Vagit Alekperov and James Mulva of ConocoPhillips opened talks on a joint venture in September, the Financial Times reported.
"This process is under way," the FT quoted Lukoil vice president Leonid Fedun as saying. The joint venture would focus on oil fields in northern Russia with a reserves of a billion barrels of oil. But Mr Fedun stressed that there was no question of ConocoPhillips buying Lukoil outright.
"We are not planning to sell the company. We are building Lukoil to give it to our children," he told the FT.
The report comes as foreign investors are reassessing the risk of backing Russian firms in the wake of a government investigation into the country's biggest oil firm, Yukos. The investigation culminated with the arrest on fraud and tax evasion charges of former Yukos chief executive Mikhail Khodorkovsky.
Šaltinis:
BBC News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »