Lukoil plans to acquire Getty Petroleum Marketing

Article Abstract:

Lukoil is acquiring Getty Petroleum Marketing Inc. for $71 million (81.9 million euros). The move represents Lukoil's expansion into the US gasoline retailing marketplace.

PETROLEUM AND COAL PRODUCTS, Petroleum bulk stations & terminals, Petroleum Bulk Stations, Petroleum Bulk Stations and Terminals, Wholesale industry, Wholesale trade, Getty Petroleum Marketing Inc., GPM

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BP Amoco seeks to raise Sidanko stake

Article Abstract:

BP Amoco said that it may double or triple its stake in Russia-based AO Sidanko, third-largest of Russia's oil companies. The bold move is regarded as an effort of BP Amoco to rescue its $571 million investment. BP Amoco refused to say how much it paid for the larger stake. Sidanko went into bankruptcy proceedings in January 1999.

United Kingdom, Parent-to-subsidiary activities, BP PLC, AO Sidanko

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Russia sells 9% stake in Lukoil to a Cyprus-registered firm

Article Abstract:

A 9% share of OAO Lukoil has been sold by the government of Russia to Reforma Investment Ltd. The share was sold for an offer of $5,000 higher than the $200 million beginning price.

Cyprus, Abstract, Reforma Investment Ltd.

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