Lukoil Wins Oilfields Auction With $1.66B Bid

MOSCOW - Russia's OAO Lukoil Holdings has outbid OAO Rosneft and OAO Gazpromneft-Noyabrskneftegaz at auction for Siberian oilfields.

Lukoil--the country's second-biggest oil producer by output--will pay 50.8 billion rubles ($1.66 billion) for the Imlorskoye, West Imlorskoye and Istochnoye fields, Rosnedra, or the Federal Agency of Subsoil Usage, said on its website Tuesday.

Copyright (c) 2012 Dow Jones & Company, Inc.

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