Dec 18, 2006

ConoccoPhillips To Raise Stake In Russia's LukOil to 20 Percent

US energy giant ConoccoPhillips said it plans to raise its stake in Russian peer LukOil to 20 percent by the end of this year. In a joint statement, the companies said the move is part of a strategic alliance that was announced in 2004. The companies said in the same statement that LukOil has acquired 376 Jet brand fuelling stations in Europe from ConocoPhillips.

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