Conoco buys 7.59% stake in Lukoil

摘要

ConocoPhillips has acquired the Russian government's 7.59% stake in Lukoil forUS1.988bn.In addition,Lukoil and ConocoPhillips have created a joint venture with respective interests of 70% and 30% that will allow ConocoPhillips to partner in the development of Lukoil's reserves in the northern timan-pechora area of russia.