Lukoil denies a report that it plans to buy a stake in Brazilian oil company OGX Petroleum...

|By:, SA News Editor

Lukoil denies a report that it plans to buy a stake in Brazilian oil company OGX Petroleum (OGXPY.PK +0.9%), which has seen its share price plunge in recent weeks on financing concerns. On Sunday, a Brazilian newspaper said controlling billionaire Eike Batista was in talks to sell a 40% stake to the Russian company.