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Lukoil eyes stake in Repsol

Business | Energy
2008-11-22

OAO Lukoil, Russia's biggest non-state oil company, may buy a stake of as much as US$6.3 billion in Repsol YPF SA of Spain to extend its refining investments in the Mediterranean. Repsol, the largest Spanish...

Russian, Italian oil joint venture sealed

Business | Energy
2008-6-25

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...

All's not well at Lukoil production in Siberia

Business | Energy
2008-6-5

OAO Lukoil, Russia's biggest independent oil producer, reported first-quarter profit that missed analysts' estimates after production declined at west Siberian fields. Net income more than doubled to US$3.16...

Developing nations in big push for profits

Business | Securities
2008-5-20

STOCKS in developing countries advanced for a sixth day, erasing the MSCI Emerging Markets Index's 2008 loss, as record-breaking rallies in oil, coal and soybeans boosted equities from Rio de Janeiro to Moscow. ...

Profits gush for major player

Business | Energy
2008-4-11

OAO Lukoil, Russia's biggest independent oil company, said fourth-quarter profit tripled, beating analysts' estimates, because of higher prices for crude and refined products, including diesel. Net income climbed...

Crude oil prices push Russian profits along

Business | Energy
2007-9-13

OAO LUKOIL, Russia's largest non-state oil producer, said second-quarter profit rose 8.4 percent to a record as rising crude prices outpaced export taxes. Net income was US$2.52 billion, or US$3.03 a share, from...

Oil exports cut

Business | Energy
2005-5-26

OAO Lukoil, Russia's largest oil company, will cut exports to China by about a third this year to free rail space for state-owned OAO Rosneft, Interfax reported from New York, citing Lukoil Chief Executive Vagit Alekperov. Lukoil will send about 2 million tons to China this year by rail, the only direct oil link between the two countries, instead of the 3 million tons originally planned, Interfax cited Alkeperov as saying.

Russia to sell oil stake to revive morale

Business | Asset management/M&A
2004-8-5

RUSSIA will sell its remaining stake in OAO Lukoil, the nation's largest oil producer, for at least US$1.26 billion, 28 percent below the market value to revive investor confidence after a crackdown on OAO Yukos Oil Co.

Oligarchs control economy

Business | Energy
2004-4-8

RUSSIA'S economy is dominated by 23 groups of businessmen, whose influence in the oil and metals industries gives them control over about one-third of Russia's industry, the World Bank said in a report.