Market Currents

• Friday, December 11, 2009

• 14:24 PM BP (BP) exits Kazakhstan by selling interests in the Tengiz oilfield and the Caspian Pipeline Consortium for $1.6B to Russia's Lukoil (LUKOY.PK). BP's moving out - to focus more on Russian and Azerbaijan - just as other oil companies are moving in to the Central Asian republic. Comment!

• Friday, August 29, 2008

• 09:44 AM Was Russian oil giant Lukoil (LUKOY.PK) told by authorities to prepare for a retaliatory supply cut as soon as Monday? Comment!
• 05:11 AM Lukoil (LUKOY.PK): Q2 net income surges 64% to $4.13B, short of $4.72B consensus. Revenue was up 59% to $20.13B despite a 3.1% drop in production. Lukoil is 20% by ConocoPhillips (COP). Shares are down 2.8% in Moscow. [WSJ] Comment!