LUKOIL is one of the world's leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company's exploration and production... More
Monday, Apr 110:36 AMHess (HES +1.9%) agrees to sell its Russian subsidary Samara-Nafta to Lukoil for total consideration of $2.05B; based on its 90% interest in the subsidiary, after-tax proceeds to HES are expected to total ~$1.8B. Samara-Nafta is currently producing 50K boe/day in the Volga-Urals region of Russia. So far in 2013, HES has announced or completed ~$3.4B in asset sales. |Monday, Apr 110:36 AM| 1 Comment
Tuesday, Dec 62011, 2:14 PMShares of Getty Realty (GTY -8%) are hit hard after Getty Petroleum Marketing, a former unit of Russian oil company Lukoil (LUKOY.PK -5.6%), filed for Chapter 11 bankruptcy protection yesterday. The realty company is trying to end its leasing deal with Getty Petroleum to sublease 800 property units to gas-station operators around the country. |Tuesday, Dec 62011, 2:14 PM| Comment!