Sector News

Russia's Lukoil says not interested in Rosneft privatisation

November 10, 2016
News

Russia’s No.2 oil producer Lukoil is not interested in buying shares in its larger peer Rosneft, Lukoil’s vice president Leonid Fedun said on Tuesday.

“As far as I know the question is decided. The shares will be bought by Rosneftegaz,” Fedun said, referring to the state-controlled holding which controls Rosneft.

Last week, Russian business daily Vedomosti cited a source as saying that Russian President Vladimir Putin offered Lukoil’s Chief Executive Officer Vagit Alekperov the opportunity to take part in Rosneft’s privatisation.

Fedun also said that the company was ready to join a possible oil output freeze if such a decision taken by the OPEC group.

By Alissa de Carbonnel

Source: Reuters

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Food & Drink

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

Send this to a friend