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Lukoil (LUKOY.PK) walks away from a plan to make a $1.8B shale acquisition in the U.S. as...
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Friday, March 2, 2012, 1:14 PM ETLukoil (LUKOY.PK) walks away from a plan to make a $1.8B shale acquisition in the U.S. as sliding natural gas prices destroyed the economics of a deal. "We examined this project in detail and had to suspend its development on valuation," says CEO Leonid Fedun.
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