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Thursday, September 29, 2005

LUKoil and ConocoPhillips to acquire new assets

BRIEFLY RBC, 29.09.2005, Moscow 18:46:55.LUKoil and ConocoPhillips created a group to acquire new assets, LUKoil vice-president Leonid Fedun reported today. The group plans to consider issues, connected with Russia's new acquisitions abroad, including purchase of a stake in the Lithuanian refinery Mazeikiu Nafta (YUKOS subsidiary). ConocoPhillips holds more than 13 percent of LUKoil shares and projects to boost its stake to 20 percent.
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