ConocoPhillips to buy stake in Lukoil

Article Abstract:

American oil company ConocoPhillips is to purchase a 7.6% share in Russia's OAO Lukoil. The investment is part of an alliance between the two companie s, one which Conoco hopes will give it a foothold in Russia and perhaps pave the way for it to become the first Western oil producer to return to Iraq since the outbreak of war there in 2003.

Foreign operations, Financial management, Securities issued, listed, Alliances, partnerships, Company investment, Investments, Securities, Company securities, Alliances and partnerships, ConocoPhillips

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Energy from another backyard: Canada takes on projects unpopular with Americans

Article Abstract:

The U.S. is looking to Canada to supply its increasing demand for oil and gas, and to build energy projects that Americans don't want. New Brunswick's Irving Oil Ltd. is in the forefront of such developments.

Foreign trade, Natural gas liquids, Oil & Gas Extraction, Oil and Gas Extraction, Canada, Irving Oil Ltd.

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Russia to lift gas-export duty

Article Abstract:

The government of Russia will increase duties for natural gas exports in an effort to raise additional funds. The government also said it would consider divesting some OAO Lukoil shares.

Natural Gas, Taxes, Exports, Taxation, Petroleum

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