ConocoPhillips buys stake in Lukoil, secures piece of Siberian oil joint venture
Petroleum News and The Associated Press
In a deal paving the way for future joint ventures, U.S. oil giant ConocoPhillips won the Russian government’s 7.6 percent stake in Russia’s Lukoil — the world’s No. 2 oil company by reserves. In the biggest privatization in Russia’s history, ConocoPhillips offered $1.988 billion, only a fraction ab....
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