LUKOIL to buy out all its shares from Conoco-Ifax

MOSCOW, Sept 28 (BestGrowthStock) – LUKOIL (LKOH.MM: ), Russia’s No.2
crude producer, is intended to buy out all remaining shares from
ConocoPhillips (COP.N: ), Interfax quoted the Russia’s company
chairman as saying on Tuesday.

“We will buy it all,” Valery Graifer said without
elaborating.

LUKOIL said on Sept. 26 it would exercise an option to buy
another $2.38 billion in depositary receipts from Conoco, which
will still own a 6.15 percent stake in the Russian firm
following the sale.

(Reporting by Vladimir Soldatkin; editing by Lidia Kelly)

LUKOIL to buy out all its shares from Conoco-Ifax