RusEnergy

RBC, 09.01.2007, Moscow 15:44:40.ConocoPhillips has increased its stake in LUKoil to 20 percent, the Russian oil company reported. This corresponded with ConocoPhillips's plans to bring its stake in the Russian oil producer from 7.59 percent acquired on September 29, 2004 in a $1.988bn deal ($30.76 per share) up to 20 percent by the end of 2006. LUKoil is currently completing the acquisition of ConocoPhillips's retail business. The deal is scheduled to come to a close in the second quarter of 2007.