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Russian, Italian oil joint venture sealed

by Adam L. Freeman

OAO Lukoil, Russia's largest independent oil producer, will pay 1.35 billion euros (US$2.1 billion) to form a venture with ERG SpA's Sicilian refinery and expand sales in Europe. Lukoil will gain 49 percent of...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080625/article_364405.htm"> Russian, Italian oil joint venture sealed </a> by -- OAO Lukoil, Russia's largest independent oil producer, will pay 1.35 billion euros (US$2.1 billion) to form a venture with ERG SpA's Sicilian refinery and expand sales in Europe. Lukoil will gain 49 percent of... </p>