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13

Russian Oil Major to Get Shares Of Three Giants

The Russian oil major Lukoil is likely to acquire shares in such companies as Yukos of Russia, PetroKazakhstan of Canada and British-Arabian Dragon oil

The Russian oil major Lukoil is likely to acquire shares in such companies as Yukos of Russia, PetroKazakhstan of Canada and British-Arabian Dragon oil, the company?s executive said.

Vagit Alekperov said that LUKoil is interested in all of the remaining shares of Yukos, including 53.7-percent stake in Lithuanian refinery Mazeikiu Nafta.
"If Yukos shareholders decide to sell Mazeikiu Nafta, we will participate in the bidding. And if there is a competition for no matter what share we are ready to talk about it," the LUKoil chief said.

Alekperov explained that LUKoil had no interest in purchasing Canada-based PetroKazakhstan's shares in Yukos through the stock market. "We don't want to buy on the market, but if this stake is offered as a whole, we are ready to negotiate," he said.

As for Dragon Oil, which extracts oil in the Turkmenistan zone in the Caspian Sea, Alekperov said that LUKoil was interested in acquiring about 50 percent of the company.