ConocoPhillips' future in Russia is in limbo: Strapped for cash, the US company has not ruled out selling its 20% stake in Lukoil, Russia's largest privately held oil producer, but if it does, it can probably kiss Russia goodbye. "We have a very good relationship with the Russian authorities, so we are always looking for new opportunities," Conoco Chief Executive Jim Mulva told Energy Intelligence in London this week. He declined to comment on whether the company would sell the Lukoil stake to help cover losses incurred on acquisitions elsewhere.
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