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 »
Brazilian researchers have developed a new type of permeable pavement that can store rain water and ease the impacts of floods.
more »
A cursor on a computer screen can be controlled using thoughts about a range of vowel sounds, research has found.
more »
Fifty years after Russia's Yuri Gagarin became the first man into space, Moscow is determined to maintain a leadership role in space exploration, despite recent problems with satellite launches and increasing competition from countries like China, Japan and India.
more »
During sleep the body actively restores it's energy and condition.
more »
Penki Кontinentai Training Center was set up in one of the oldest and most innovative ITT companies, and now counts the second decade. Politicians, businessmen, artists and entertainers have learned and acquired skills here during these years.
more »
Researchers say they have succeeded in deciphering the flight of birds, "one of the oldest dreams of mankind.". The team, from German automation company Festo, say their robotic seagull that can take-off, fly and land autonomously.
more »
"All research, however good its intentions, necessarily involves risks," Oxford University neuroscience professor Colin Blakemore explained at a workshop on "ethical dilemmas in brain research" held by Parliament’s Science and Technology Options Assessment (STOA) team.
more »
NASA's Messenger spacecraft delivers its first photos of Mercury and the first images ever taken from the rocky planet's own orbit.
more »
Discovery reached the ISS on Saturday, two days after liftoff from the Kennedy Space Center, for its 39th and final mission.
more »
NASA has released for the very first time on Sunday images that show the complete surface of the Sun.
more »