ConocoPhillips is among many U.S. companies, which in order to boost their production, consider Russia as one of the next great frontiers for development of the industry.
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Conoco Icreases Lukoil Stake
US oil firm ConocoPhillips has increased its stake in Russia's oil giant Lukoil
US oil firm ConocoPhillips has increased its stake in Russia's oil giant Lukoil to 10 percent.
In September, the Houston-based Conoco said it won a 7.6 percent stake in Lukoil in a government auction and planned to buy another 2.4 percent. The deal could provide the US company as much as a 20 percent stake in Lukoil.
ConocoPhillips is among many U.S. companies, which in order to boost their production, consider Russia as one of the next great frontiers for development of the industry.
ConocoPhillips is among many U.S. companies, which in order to boost their production, consider Russia as one of the next great frontiers for development of the industry.
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