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ConocoPhillips to remain being LUKOIL stockholder

June 29/2010

(Kommersant) -- US ConocoPhillips will remain LUKOIL stockholder in the next future.


"I dont think it will happen soon. They will hardly decide to sell such a big stake. As a stockholders, they are interested in the Companys capitalization growth and can earn more from it. said LUKOILs President Vagit Alekperov.

He also told that ConocoPhillips is not negotiating about selling a big stake of LUKOIL to the other oil companies, reminding that LUKOIL has the priority purchase right.

ConocoPhillips to remain LUKOIL stockholder





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