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
European cities may still be feeling the pinch of the global recession.
more »
The EBRD Board of Directors has approved a $50 million convertible loan to Petrolinvest to finance the completion of exploration works at the company’s main oilfields.
more »
The European Commission welcomes the adoption today at the United Nations in Geneva of the first international regulation on safety of both fully electric and hybrid cars.
more »
Bloomberg has today announced that Lithuania had the outlook on its credit rating raised by Fitch Ratings after the Government implemented an austerity program to curb the budget deficit.
more »
In January 2010, compared with December 2009, the highest increase in retail trade in the EU-27 Member States was observed in Lithuania.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania will get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and job guidance after Parliament gave the green light on Tuesday.
more »
Some 80% of Europeans continue to travel for their holidays according to a new Eurobarometer survey on ‘The attitudes of Europeans towards tourism 2010’.
more »
The EU's internal market will be under scrutiny Tuesday when a series of reports will be debated by MEPs in Strasbourg.
more »
EU Employment and Social Affairs Ministers today agreed on a new facility to provide loans to people who have lost their jobs and want to start or further develop their own small business.
more »
Over €7.6 million in financial aid for training and self-employment could be available to former workers in German and Lithuanian if MEPs back the measures Tuesday.
more »