LUKOIL Vice-president Leonid Fedun is negotiating the purchase of a 50-percent stake in Germany's Ruhr Oel GMBH company
Published:
22 February 2005 y., Tuesday
LUKOIL Vice-president Leonid Fedun is negotiating the purchase of a 50-percent stake in Germany's Ruhr Oel GMBH company, he said Friday, Finansoviye Izvestia reported.
Germany, Europe's largest fuel market, also ranks as the fourth largest fuel market in the world. Ruhr Oel accounts for nearly 20% of the entire German fuel market, annually refining 50 million tons of crude oil. British Petroleum and PdVSA (Petroleos de Venezuela) currently own 50% stakes each.
PdVSA has repeatedly tried to sell its stake in Ruhr Oel because it is difficult for PdVSA to turn a profit making daily crude oil deliveries to German refineries in light of sky-high global oil prices. Venezuela wanted to sell its Ruhr Oel stake to Russia's Alpha Group in 2003, with experts estimating the potential deal at $600-900 million. However, both sides did not sign the contract. According to experts, Ruhr Oel is such a lucrative slice of the German oil pie, that British Petroleum and Alpha may try to buy a stake in it.
LUKOIL now heads the list of contenders after Fedun's statement. Incidentally, the Russian company and PdVSA signed a joint understanding last year. LUKOIL President Vagit Alekperov went to Caracas in February to discuss $1-billion investment opportunities in oil deposits on Lake Maracaibo. The LUKOIL - PdVSA agreement also stipulates short-term and long-term crude oil and petroleum sales.
Šaltinis:
tehrantimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission announced today the award of three of the six contracts for the procurement of Galileo’s initial operational capability.
more »
Mobile phone giant Nokia is enlisting Britain’s young entrepreneurs to build new businesses using its career services app, JobLens. Launched in June, JobLens is a Windows Phone 8 app that helps users search for jobs in their local area.
more »
A new map of Antarctica illustrates for the first time how ice moves across the continent.
more »
The US Department of Defense's innovations arm, known as DARPA, has released test-flight video of its experimental hypersonic aircraft travelling at a speed of Mach 20, about 13,000 miles per hour.
more »
New Zealand scientists have developed a designed to reduce the number of bird strikes at airports.
more »
Taiwanese researchers are taking recycling to a new level with "i2r e-Paper", a rewritable electronic paper that can be re-used up to 260 times. The developers say their e-paper will soon replace the conventional paper used for signs and posters.
more »
Wireless car technology promises charge-free future for motorists
While electric-powered cars are rapidly gaining momentum as a viable alternative to conventional petrol-driven vehicles, there are now moves afoot to produce cars that can be charged wirelessly. The technology behind wireless electric cars could herald an idyllic future for motorists in which they can drive as far as they like without ever worrying about recharging.
more »
A British man is preparing to leave hospital after pioneering surgery to install an artificial heart implant. The implant is powered by a portable driver worn in a shoulder bag and is designed to keep Matthew Green alive while he waits for a heart transplant.
more »
A twenty million year-old fossil, thought to be from a distant cousin of modern apes, is discovered in Uganda.
more »
Forget scrubbing up, a new virtual surgery simulator uses the latest computer technology to train surgeons for laproscopic surgery, dramatically decreasing the need for practice on human patients.
more »
A group of British scientists have expressed concerns that experiments on primates could give rise to a 'Planet of the Apes' type scenario.
more »