ConocoPhillips (COP) says it will sell its indirect 30% interest in the NaryanMarNefteGaz...


ConocoPhillips (COP) says it will sell its indirect 30% interest in the NaryanMarNefteGaz Russian JV and certain related assets to Lukoil (LUKOF.PK, LUKOY.PK). Financial terms are not disclosed, but COP expects to recognize an after-tax gain of ~$400M for the sale. COP +0.4% premarket.

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