LukOil

Sberbank becomes most valuable Russian bank

Sberbank became the only Russian brand in the Top100 of the banking rating and the only Russian banking brand in the Brand Finance Global 500, its brand value has increased by 33% over the last year (almost 570 billion rubles).  …

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Sanai: Iran interested in Russian energy companies

Iran is interested in the presence of Russian energy companies on its market, and certain agreements are expected to be signed soon, the Iranian Ambassador in Moscow Mehdi Sanai said. "Iran is very much interested …

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Russian oil firms discussed output cuts

Russian companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalize the agreement with OPEC and other producer nations this weekend, Reuters …

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Lukoil to sell diamond mine to Otrkritie

Lukoil says concluded an agreement to sell its 100% stake in Arkhangelskgeoldobycha diamond mine to Otkritie Holding group for $1.45 billion in cash. The transaction is expected to close in the first quarter of 2017 subject to approval …

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Russia, Iran in oil swap talks

Tehran is in talks with Russian companies on petroleum swap deals, Iran's deputy oil minister for international affairs Amirhossein Zamaninia said. "Yes, we are," he said when asked whether the country is …

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Rosneft cancels Lukoil's oil purchase deal with Bashneft

Russia's oil producer Rosneft asked Lukoil to cancel a crude oil purchasing contract with Bashneft, which RBC daily put at 400 billion rubles ($6.4 billion). Earlier this month Rosneft acquired just over 50% in Bashneft for 330 …

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Lukoil ready to join oil production freeze

Russia’s oil major Lukoil is ready to join the initiative on crude production freeze if there is a government decree, its Vice-President Leonid Fedun said. "I would like to speak for Lukoil, if there is …

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Lukoil invests $1.39 billion into Filanovsky field

Russian oil company Lukoil has invested 87.1 billion rubles ($1.39 billion) in the Filanovsky field in the Caspian Sea, LUKoil's Vice President for Geologic Exploration, Ilya Mandrik, said at the Offshore Marintec Russia …

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Rosneft could buy Bashneft for over $5 billion

Russian oil giant Rosneft could be offered the controlling stake in the medium-sized oil producer Bashneft for some 325 billion rubles ($5 billion). Another option on the table is quizzing possible buyers on the price within a week. …

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