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
Women in the EU earn on average 18% less than men - a gap that has scarcely narrowed over the last 15 years and in some countries has even grown.
more »
43 gas and electricity projects to split €2.3bn, the most the EU has ever spent on energy infrastructure in a single package.
more »
Georgia and the European Union have initialled a comprehensive air services agreement at a meeting in Tbilisi, Georgia, today which will open up and integrate the respective markets, strengthen cooperation and offer new opportunities for consumers and operators.
more »
In order to vitalize and strengthen cooperation of business stakeholders in the region, the Nordic and Baltic countries continue running joint mobility programme.
more »
The EBRD is boosting the availability of financing to the real economy sector in Serbia, with a €20 million credit line to Société Générale Serbia for on-lending to small and medium enterprises.
more »
The EBRD is supporting the development of the private sector in Armenia and increases further the availability of financing in the real economy sector with a $10 million loan to Ameriabank for on lending to local companies under its Medium Sized Co-financing Facility (MCFF).
more »
The EBRD is supporting the modernisation and improvement of transport infrastructure in Albania with a €50 million sovereign loan to finance the rehabilitation of regional and local roads in the country.
more »
Given the deep impact Latvia has suffered in the wake of the global crisis, and due to the emergency nature of this program, the first operation will focus mainly on the first and second objectives.
more »
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), will visit Africa March 7-11, to discuss opportunities and challenges facing African economies in the wake of the global crisis.
more »
Without enough money, the EU 2020 strategy risks turning into "another vague scoreboard for the Member States", the EP Budgets Committee warned on Thursday when adopting its priorities for the 2011 budget.
more »